James Wolfensohn Visiting JP Morgan? Hmmm...

This usually isn't my thing, the non data-driven rumor thing, but given all the hubbub around Citi and Chuck Prince what could I do? A friend of mine told me that they saw none other than Mr. James Wolfensohn strolling into JP Morgan just a short while ago. Maybe he's just making a deposit. Um, probably not.

Let's not forget that Mr. Wolfensohn is Chairman of Citi International's Advisory Board, as well as a Senior Advisor to Citi itself, so maybe, just maybe, there is something more substantive going on. Further, did you know that JPM's stock price performance has kicked Citi's butt over the past five years, by a factor of 3? Is James there to discuss jump-starting Citi's growth by purchasing some of JPM's global banking operations, or perhaps generating some cash and slimming down the Citi colossus by offloading some overseas assets to its better-performing global competitor?

You be the judge. But with all the heat Prince is taking for Citi's performance, and in light of the recent reorganization, investors and clamoring for him to do something. And maybe Mr. Wolfensohn's visit is part of the something.