Richard Parsons, Citigroup Chairman: Bank Is 'Too Interwoven' To Fail

Citigroup Is 'Too Interwoven To Fail,' Bank's Chairman Says

Citigroup remains too "interwoven" to fail even after the government has plowed billions into rescuing the banking titan and Congress has passed laws taking aim at financial behemoths, Citi Chairman Richard Parsons told CNBC.

"It's not a question of too big to fail," Parsons said in a live interview. "It's a question of too interwoven in the fabric of the global financial life to fail."

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