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Yet another Citi hedge fund stumbles

November 19, 2008 — 12:15pm ET | By Jim Kim
Recall that one big issue that led to the estrangement between Citi CEO Vikram Pandit and former head of wealth management Sallie Krawcheck was how to deal with "victims" of Citi's hedge funds.... Read more...

CEOs of the future

November 18, 2008 — 8:57am ET | By Jim Kim
What will it take to run a big company really well over the next few years? People are talking about a new kind of CEO, an evolution from the crop that has upended Wall Street. Fortune says, "Gone is... Read more...

How much time does Vikram Pandit have?

November 18, 2008 — 8:55am ET | By Jim Kim
Granted, these are extraordinary times, so you can't really blame CEO Vikram Pandit for the stock swoon that has sent Citi shares to a 12-year low. And you have to feel bad that he didn't get much of... Read more...

The beginning of the end at Citigroup?

November 17, 2008 — 3:17pm ET | By Jim Kim
What to make of the additional 53,000 jobs cuts at Citigroup? The cuts, part of an on-going effort to slash the head count by 20 percent from a high of 375,000, are certainly draconian, but they will... Read more...

Why Sallie Krawcheck really left

November 16, 2008 — 9:25am ET | By Jim Kim
Sallie Krawcheck's rise at Citigroup was often described as meteoric. Of course, meteors have to crash or burn out at some point. Krawcheck crashed headlong into new CEO Vikram Pandit, the subject of... Read more...

What's up at Citigroup? Regional deals coming?

November 13, 2008 — 9:23am ET | By Jim Kim
Well, it's not quite Wachovia, now is it? For that matter, it's certainly not Goldman Sachs, with which Citigroup had a chance to merge. The news that Citigroup is negotiating to buy Chevy Chase... Read more...

Citigroup watches peers soar

October 31, 2008 — 11:38am ET | By Jim Kim
You have to wonder what Citi CEO Vikram Pandit has up his sleeve. I mean he has to have something in mind. Right? He can't just sit back and watch the likes of JPMorgan Chase, Bank of America and... Read more...

Wow! Goldman CEO sought merger with Citigroup

October 27, 2008 — 3:10pm ET | By Jim Kim
The Financial Times reports that Lloyd Blankfein, CEO of Goldman Sachs, called Vikram Pandit, his counterpart at Citi, to discuss a possible merger. The move was made at the suggestion of regulators... Read more...

Wachovia's earnings: A shocking loss

October 22, 2008 — 1:09pm ET | By Jim Kim
Wachovia's last earnings announcement was a doozy. It reported a massive $24 billion loss. That's $2.23 a share loss versus... Read more...

The big loser in the credit crunch?

October 22, 2008 — 11:23am ET | By Jim Kim
Here's an interesting question: Just how costly will Citigroup's inability to close the Wachovia deal... Read more...
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Press Releases

Citi Board Names Vikram Pandit Chief Executive Officer and Sir Win Bischoff Chairman

New 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 >>