An ex-Goldmanite arrived a year ago, and has hired Goldman Sachs and McKinsey to help him figure out how to rejigger the portfolio to be less risk prone.

FORBES: Connect

Former Goldmanite Larry Summers will present Hatzius the award for most accurately forecasting the 2007 to 2010 U.S. and global economy in New York an event sponsored by the W.P.

FORBES: Goldman's Hatzius: U.S. To Avoid Recession As Bernanke Unveils QE3, Europe Doomed

Whoever ends up running Citi faces a gigantic challenge, but at least he (or she) will have plenty of latitude: Robert Rubin, the new chairman (and yet another ex-Goldmanite), has indicated that no option is off the table, even a break-up.

ECONOMIST: Investment banking