Varley & Diamond Up For Citi ?

With John Thain now safely bagged as CEO by Merrill Lynch, many are now wondering who will end up living in the house called Citi.

And although there's a lot of talk about an internal candidate (or a fairly recent ex-Citi man) taking over from fallen CEO Chuck Prince (Ajay Banga, head of the international consumer businesses, Manuel Medina-Mora, head of Latin America, and former President Bob Willumstad), many feel that the firm is likely to go outside, as did Merrill, to find a new leader. A new broom, and all that.

But the pool of external talent is not exactly large. According to The Wall Street Journal this pack probably consists of just four worthies. In the frame are now said to be US Treasury Secretary (and former Goldman CEO) Hank Paulson, recently retired Wells Fargo boss Richard Kovacevich and Barclays duo, CEO John Varley and bank President Bob Diamond.

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