Vikram Pandit news from FierceFinance
NewsCitigroup's PR disaster in Japan
This is exactly what Citigroup doesn't need right now: Japan's financial regulator has essentially banned the bank from the retail market for a month after uncovering deficient controls related to... Read more...
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... Read more...
Citigroup exchange deal final
As expected, Citigroup has finalized a deal that calls for Uncle Sam to convert $27.5 billion in preferred stock to common stock, according to media reports. This would lift the government's stake to... Read more...
Citigroup CEO saga gets more interesting
It may be on again. Bloomberg reports that Citigroup is poised to go ahead with an exchange offer that will result in a much stronger capital position but also leave the government with a 35 percent... Read more...
Citigroup's Pandit to get the axe?
Just a week ago, it seemed that the CEOs of the big TARP banks were all safe. Their stocks were rallying, and a big capital-raising binge was underway. But all that changed when the Wall Street... Read more...
Is it good to be Jamie Dimon?
He's on top of the industry. Here's a telling quote from a money manager in a lengthy paean from TheStreet.com: "Dimon is just a superior manager. Jamie Dimon has, to a large degree, been able to... Read more...
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... Read more...
Citigroup wants to help guide employees
Citigroup CEO Vikram Pandit is letting it be known that he still cares about employee career development. The New York Times has obtained a memo noting that "over the past year and a half, we have... Read more...
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... Read more...
Despite good news, lots of earnings jitters
The quarter that just ended was the first full quarter since the top banks took billions in taxpayer-funded TARP payments, Reuters reports. There has been lots of hope for a really good quarter.... Read more...
| Press ReleasesCiti Board Names Vikram Pandit Chief Executive Officer and Sir Win Bischoff ChairmanNew York – The Board of Directors of Citi today announced that it has appointed Vikram Pandit as the company's new Chief Executive Officer and member of the Board of Directors, effective Read more >> |
