Vikram Pandit

Citigroup flop exposes folly of empire-building

When he merged Citicorp and Travelers Group Inc. in 1998, Weill envisioned the ultimate financial-services empire peddling checking accounts, stock brokerage, investment banking and commercial loans around the world.

Singing the blues

When Citigroup was formed a decade ago, in a merger that reshaped banking, the deal's architect, Sandy Weill, basked in the limelight and admitted to feeling like a rock star. The boss these days, Vikram Pandit, must feel more...

Investing - The Attack of Short Sellers

Friday, November 28, 2008 Odd. This month, the market seemed… well, calmer. Things weren’t as crazy as last month, but we still had pretty big stuff going on. Perhaps we’re used to crazy. This month, Paulson reversed his...

Citigroup to sell Japan trust banking unit

US banking giant Citigroup has decided to sell off NikkoCiti Trust and Banking Corp, its custodian administration arm in Japan, in a bid to overcome the financial crisis it is facing, The Wall Street Journal said on Sunday.

Rubin's Teflon Finally Wears Off (at Seeking Alpha)

by: Felix Salmon November 30, 2008 | about stocks: to the WSJ, in which he takes no blame or responsibility for anything which has gone wrong at Citigroup . Here's their lede: Under fire for his role in the near-collapse of...

Lewis: CEO passes the buck

By Al Lewis Dow Jones Newswires Citigroup Inc. CEO Vikram Pandit snagged a $300 billion bailout last Sunday, and by Wednesday, he was on "The Charlie Rose Show" wearing a crisp, blue suit with pinstripes so bold, you'd think...

Rubin says not to blame for Citi's troubles: report

NEW YORK (Reuters) - Former U.S. Treasury secretary Robert Rubin said the near-collapse of Citigroup Inc , where he is a senior counselor, was due to the buckling financial system and not his own mistakes, according to an...

Home team

A bank stumbles. General Motors chairman, CEO Wagoner has deep connections to Duke University. "I even named our dog Duke," Wagoner said in a speech at the university's 2007 commencement ceremony. Sallie L. Krawcheck -- former...

Obama ally wants more government control over Citigroup

A key ally to US president-elect Barack Obama has called for greater government intervention in the strategy at Citigroup following its £13 billion bailout this week. John Podesta, a top transition official for Obama, said the...

Citi’s Indian champions

Buster BY THE time this piece appears in print, Citigroup could well have been practically nationalised by the US Fed. I am hoping that things will not come to such a pass. But even if it does, there is no taking away from the...

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