Commentary: Citigroup's clumsy attempts to win Wachovia doom deal NEW YORK (MarketWatch) -- Vikram Pandit has done a lot to reshape Citigroup Inc. during his first year as chief executive officer of the financial conglomerate. But there's one tradition he can't let go of: bungling deals. In fact, with the bank's clumsy pursuit of Wachovia Corp. , Pandit may just have topped his predecessors when judged by ill-fated, poorly conceived marriages. That's no small achievement. Since Citigroup was formed a decade ago, the bank has earned a reputation as a gluttonous foozler. Tainted stock research and unbridled chaos marked the reign of Sandy Weill. After a series of scandals rocked the firm, the Federal Reserve ordered Charles Prince, Weill's successor and Pandit's predecessor, not to make any major acquisitions. Quagmires are...
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