Citi losing the PR war

The news cycle has been exceedingly tough on Citi. Portfolio's pundit offers this: "I think it's time for Pandit to offer his resignation. The task facing Citigroup now is not to build a 'global universal bank'; it's to stay alive. And Pandit has given no indication he's up to that particular job."

In other news, the stock on Pandit's watch has sunk to a 15-year low. Just yesterday the headline was that it had sunk to a 13-year low. All banks are getting hit of course, but it's telling that Citi now ranks fifth in the industry by market capitalization, behind the big three and now U.S. Bancorp. Make of that what you will. Citi is losing the PR wars big time, and it's unclear to me how it can turn things around.   

For more:
- here's an AP article on Citi's market cap

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Citigroup news from FierceFinance