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Edward Kelly
Latest Headlines
Latest Headlines
Citi's "insular focus" hitting it hard?
Citi CEO Vikram Pandit has made clear at just about every turn that he sees his bank as a premiere global enterprise, the kind of bank well-suited to meeting the modern needs of multinational corporations. So you have to regard the spat with the Abu Dhabi Investment Authority, a well-known soverei
How to get things done at Citi
It's no surprise that government regulators wield a lot of power at Citigroup, which is fitting given that it owns 34 percent of the company. But if a glimpse of the process behind the replacement of the former CFO is any indication, the relationship is not an easy one to manage.
The Financi
More CFO turmoil at Citi?
This is a bit of a head scratcher. Citigroup has shuffled its top management ranks yet again. Edward Kelly, who took over as CFO in March, didn't last long. He's now in charge of strategy and mergers in a new role as vice chairman, reports the AP . John Gerspach currently the chief accounting o
Rising star at Citigroup: Ned Kelly
As people debate the future of Citigroup CEO Vikram Pandit, one Citigroup executive seems to be rising: CFO Ned Kelly. It may be unwise to throw him into the succession issue, but he's "been gaining respect from a wide array of people both inside and outside the organization for his calm and level
Citigroup CEO Vikram Pandit sticking around
Here's what CNBC 's Charlie Gasparino says about Citigroup CEO Vikram Pandit: "There's been a Death Watch since about March." He noted that Edward "Ned" Kelly, who joined the bank from the Carlyle Group in February 2008, was elevated to chief financial officer, in a move that pushed Gary Critte
FDIC planning to oust Pandit?
When the government effectively ousted GM CEO Rick Wagner, a lot of people wondered why bank CEOs escaped a similar fate. My sense was that the bank CEOs were willing to toe the line to save their jobs, even if it made for some awkward positions. A good example is Citigroup's support for a cramdow
Citi to combine commercial and investment banking
There was a day, long ago when anti-trust regulators thought it wise to separate investment banking from commercial banking. But in the modern era, the idea seems quaint. According to media reports, Citi is creating a new unit that would officially combine the two disciplines. For many clients, th
