Friday Citigroup stock fell 94-cents to close at $3.77.

The drop came as a report surfaced that Citigroup may consider selling part of the company.

Monday Citigroup announced it will cut at least 52-thousand jobs worldwide and there are still questions whether it will make cuts in Sioux Falls.

Days after we learned that Citigroup will be making cuts, there's still no word if any layoffs will be made here at the Citibank campus in Sioux Falls.

Friday Citi's top executives convened in New York to consider selling some or all of the company.

According to their web site, Citigroup is divided into four major sections: consumer banking, global cards, institutional clients group, and global wealth management.

Here in Sioux Falls, Citigroup owns Citibank, employs 32-hundred people in all aspects of processing for Citibank credit cards and student loan products.

But at this point, we still don't know how the employees here will be affected.

Like the auto industry, many economists say Citigroup is too big to fail, too important to the u-s economy.

"If you think Lehman Brothers was big, City is several times in terms of exposure," said Roben Farzad, BusinessWeek Magazine.

Citigroup executives were said to be meeting Friday afternoon about a possible sale.

So far there's no word on anything coming out of that meeting and as far as Citibank in Sioux Falls, when the overall announcement was made last week, there was no time frame when the details of those lay-offs would be made clear.

Friday Citibank officials in Sioux Falls didn't have any additional information for us.