Vikram Pandit, the chief executive of Citigroup, has said the banking behemoth’s putting in lot of money against US real estate is one of the main reasons for things going wrong at the company. “What went wrong is we had...
After Saudi Prince Alwaleed Bin Talal, Mexican billionaire Carlos Slim Helu seems to be endorsing the future potential of Citigroup by purchasing shares of the crisis-hit American bank. A brokerage unit of Mexican bank Inbursa,...
As their economy slides, America’s policymakers are turning to unconventional devices. Our first article looks at the bold new steps taken this week by the Federal Reserve and the Treasury. Our second examines policy in...
Tough interview last night on Charlie Rose for Citi CEO Vikram Pandit. I didn’t think it was tough because of the questions—Charlie went pretty easy on him. It was tough to watch because of the answers, or lack thereof I should...
by: Felix Salmon November 26, 2008 | about stocks: Vikram Pandit was on Charlie Rose last night, and was asked point-blank whether there was a run on Citi's deposits last week. Here's the exchange, at around the 10:40 mark:...
Commentary: Scuttling of the BCE takeover will help banks NEW YORK (MarketWatch) -- Vikram Pandit finally got some good news. Independent evaluator KPMG on Wednesday put the $42 billion takeover of Bell Canada's parent, BCE...
November 26, 2008 | By Greg Sushinsky Shares of Citigroup (NYSE:C) dropped below $4 last week before rebounding to $6, a breathtaking slide from its year-high price of more than $35 a share, roughly a 90% decline, and an even...
No time to point fingers, to make the bailout "punitive and difficult." Why not? That's exactly what it should be, or it will happen again; others too big to fail will know they can be bailed out without personal consequence.
Mesirow Financial economist Diane Swonk discusses the current employment and economic situation with CNBC executive edit... Why Credit Markets Might Get Some Healing David Russell, who helps produce "Closing Bell," shared his...
Stocks on the move Real-Time Equity news U.S. stock market report 0721 ET 26Nov2008-Citigroup CEO: bank "went wrong" in real estate ------------------------------------------------------------------------------ Vikram Pandit,...