Morning Scan: Citi Holdings Is No Longer Breaking Bad; SunGard Sale ...

Wall Street Journal

Citigroup has made such good progress with Citi Holdings, its "bad bank," that the unit has reported four straight quarters of profit. That was nearly unthinkable for the unit when it was first created, as a way to separate Citi's unwanted and toxic assets from the good part of Citigroup. "We're out of the dark tunnel," says Francesco Vanni d'Archirafi, who runs the unit for Citi. ...