The News: Busy Weekend at Citi

Busy weekend at Citi: The bank's chairman, Winfried F. W. Bischoff, may be out as soon as this week, though its board continues to back CEO Vikram S. Pandit. Meanwhile, the media's full of analyses on the impact of Citi's deal to spin off Smith Barney into a joint venture with Morgan Stanley.

Citi Board Backs CEO as Outlook Worsens [WSJ]

Citi Is Urged to Replace Chairman [NY Times]

Citi-Morgan Talk May Spark Fresh Wave of Deals [NY Times]

And...

Citi's co-head of European fixed income has resigned for reasons unknown [WSJ]

Credit Suisse has formed a restructuring group... [FT]

...but current CS staffers aren't the happiest folks [eFC-UK]

Fund managers see a recover - in 2012 [ Financial News]

Canada's RBC sees opportunity in Europe [Financial News]