Reverse stock split

Citigroup has announced that the bank will pay a dividend and subsequently go for reverse stock split.Reverse stock split will give an investor one new share to substitute 10 and raise the trading price of its share to double digit from $4.43 without increasing the stocks real value.At the same time,the Federal Reserve has been ordered by the U.S. Supreme Court to publish details about its emergency lending to financial Institution during the 2008 credit crisis.The so called 'discount window' will embarrass some of the largest banks,including Citibank.Bloomberg News requested the data in 2008.
So,will reverse stock split can make a difference to the Bank's balance sheet?No,it will have 'zero impact' to the Bank's financial health.No doubt,these measures are dēspērātus move to turnaround the shaky bank,but it will not work.Vikram S.Pandit,Citigroup's chief executive has had a few success to turnaround the Bank.But I agree,he is trying his best to save the bank from difficulties.In my view,he should go for a stock buy back ,which J.P.Morgan and Wells Fargo will do in the coming days.It will levier the earnings per share.But its very difficult to do at this moment,as the bank's financial health is too povre.