How do you know when a business is poorly run? When the U.S. government pumps billion in it just to keep it going.
That, in a nutshell, explains why legions of investors will never, ever invest in Citigroup (NYSE: C ) .
[block:block=16] That's a shame, because Citigroup these days is a far better bank than before, taking on fewer risks and pursuing more sound growth strategies. For investors willing to move beyond the whole banking bailout mess (in which Uncle Sam still profited anyway...Read Full Story
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Citi to Cut Bonuses
Daniel Acker/Bloomberg
Citigroup Center in New York.
Citigroup Center in New York. Photographer: Daniel Acker/Bloomberg
Jan. 26 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit talks about the banking industry's reputation and plans to cut costs.
He speaks with Erik Schatzker on Bloomberg Television's "On the Move" on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland. (Source: Bloomberg...Read Full Story
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Citigroup Inc. CEO Vikram Pandit
Simon Dawson/Bloomberg
Citigroup Inc. Chief Executive Officer Vikram Pandit.
Citigroup Inc. Chief Executive Officer Vikram Pandit. Photographer: Simon Dawson/Bloomberg
Jan. 26 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit talks about the banking industry's reputation and plans to cut costs.
He speaks with Erik Schatzker on Bloomberg Television's "On the Move" on the sidelines of the World Economic Forum's...Read Full Story
Enlarge image
Citigroup Inc. CEO Vikram Pandit
Simon Dawson/Bloomberg
Citigroup Inc. Chief Executive Officer Vikram Pandit.
Citigroup Inc. Chief Executive Officer Vikram Pandit. Photographer: Simon Dawson/Bloomberg
Jan. 26 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit talks about the banking industry's reputation and plans to cut costs.
He speaks with Erik Schatzker on Bloomberg Television's "On the Move" on the sidelines of the World Economic Forum's...Read Full Story
Enlarge image
Citigroup Inc. CEO Vikram Pandit
Simon Dawson/Bloomberg
Citigroup Inc. Chief Executive Officer Vikram Pandit.
Citigroup Inc. Chief Executive Officer Vikram Pandit. Photographer: Simon Dawson/Bloomberg
Jan. 26 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit talks about the banking industry's reputation and plans to cut costs.
He speaks with Erik Schatzker on Bloomberg Television's "On the Move" on the sidelines of the World Economic Forum's...Read Full Story
Feb. 10 (Bloomberg) -- Citigroup Inc., which priced a $436.7 million collateralized loan obligation for Apollo Global Management LLC earlier this month, said CLO debt is “cheap” compared with the underlying loans in the fund. High-yield ...
SHANGHAI Feb 10 (Reuters) - Citigroup Inc plans to increase staff in China, which is one of its fastest growing businesses in the world, Chief Executive Officer Vikram Pandit was quoted as saying. The New York-based lender announced in December ...
10 (Bloomberg) -- Citigroup Inc., JPMorgan Chase & Co. and 15 other underwriters reimbursed ... “We’re pleased the banks cooperated with our effort to get taxpayers’ money back,” Tom Dresslar, a spokesman for Lockyer, said Feb. 8 in ...
NEW YORK -(Dow Jones)- U.S. banks have been dogged in recent years by tougher regulation and sluggish loan growth. But Citigroup Inc. (>> Citigroup Inc.) believes things will turn around for its U.S. retail banking operations. By 2014, "people will really ...
advancement and leadership of women. Attracting and developing the best talent is one of our highest priorities. We are committed to providing the skills, experience, training and support that emerging and established leaders need to succeed”.
According to a Reuters report, Citigroup Inc. (NYSE:C) intends to continue its investments in China and increase its workforce there. The move comes as part of the company’s effort to tap opportunities in one of the world’s fastest growing ...
Vikram Pandit (World Economic Forum)
Which of these items, highlighted by Felix Salmon, do you think more accurately represents Citigroup's priorities? This, from Dec. 7, 2011?
Citigroup to Cut 4,500 Jobs on Slumping Revenue
Or this, from Jan. 29 at the World Economic Forum at Davos?
“Jobs should be our number one priority,” declared Annual Meeting Co-Chair Vikram Pandit, Chief Executive Officer of Citi, in a session on the global agenda for...
Citigroup Inc. named former Morgan Stanley President Vikram Pandit as chief executive officer to help the largest US bank recover from serious financial problems.
Vikram Pandit served as the president and chief operating officer of the Institutional Securities and Investment Banking Group at Morgan Stanley where he was responsible for the ...
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BusinessWeek - AGE-BIRTH LOCATION -- 50; Nagpur, India. EXPERIENCE -- After working for two decades at Morgan Stanley, Pandit left the investment bank with a few colleagues to start the hedge fund Old