Vikram Pandit

Amid crisis, Geithner emerges most powerful

The global economic turmoil is changing the composition of the power league in the finance business, with treasury secretary-in waiting Timothy Geithner emerging as one of the most influential persons as Citi CEO Vikram Pandit...

Pandit blames past management for woes

Citigroup Inc chief executive Vikram Pandit on Tuesday blamed prior management for diving too deeply into real estate, causing losses that led to this week's massive government bailout of the second-largest US bank by assets.

Will Bank Rescues Mean Fewer Banks?

A wave of consolidation may be ahead as banks deemed too weak to survive are snapped up Is the government using the credit crisis as a chance to reshape the entire banking sector? Through Nov. 25, 109 banks had either received...

In Pictures: History's Most Dramatic Bailouts (at Forbes.com)

Though it seems like we're living through an unprecedented era of financial bailouts, these public interventions into private markets are really nothing new. The libertarian Cato Institute traces the "era of officially led...

SICK ECONOMY THREATENS AMERICAN EXPRESS

Despite being chatted up as a possible replacement for embattled Citigroup CEO Vikram Pandit, American Express CEO Kenneth Chenault finds himself charging through some hard times of his own. Shares in the company behind the...

Citi's Securities Head In India Follows Suit; To Quit The Firm Soon

Brian brown, the head of Citigroups securities business in India has decided to quit the firm. Brown, who heads the Citigroup Global Markets India Ltd., will leave the firm in a month. His resignation comes at a time when...

How Do You Value Trust? (at Seeking Alpha)

by: Stephen Hsu November 26, 2008 | about stocks: , investors are assumed to be able to value a company by simply looking at its balance sheet, researching its market and business model and projecting into the future. Sound...

STOCKS NEWS US-Goldman ends talks with Panasonic on Sanyo stake

Stocks on the move Real-Time Equity news U.S. stock market report 0736 ET 26Nov2008-Goldman ends talks with Panasonic on Sanyo stake Goldman Sachs Wednesday ended talks with Panasonic Corp about selling its stake in Sanyo...

The Overnight Express: U.S. Mortgage Rates Plunge; EU to Unveil €200B Stimulus

The following is a summary of the main economic events from the overnight: - WSJ & BBG: Fed's injection into GSE, and creation of ABS lending facility on Tuesday set off a flurry of mortgage refinancing activity from consumers....

The Real Truth behind the Citigroup Bank Nationalization

On Friday November 21 the world came within a hair's breadth of the most colossal financial collapse in history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two...