It may never be publicly known who leaked the confidential examiner's report on Citicorp's mortgage unit, but industry observers suspect it was a dissatisfied bank employee.

A motive would not be hard to established. Morale at the nation's biggest banking company has deteriorated badly because of aggressive cost cutting and thousands of layoffs. Many employees remain uncertain about their future.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.