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Vikram Pandit
Citigroup Inc. named former Morgan Stanley President Vikram Pandit as chief executive officer to help the largest US bank recover from serious financial problems.
Can Vikram Pandit turn Citigroup around?
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Yes, if anyone can do it, it's Vikram Pandit
Yes, if anyone can do it, it's Vikram Pandit
(NewsVisual, powered by IntellectSpace) -- Citigroup Inc (NYSE:C) reported on Friday that it sustained a net loss for the 2008 first quarter of $5.1 billion and that it took $6.0 billion in pre-tax write-downs as a consequence of sub-prime mortgage losses.
“Our financial results reflect the continuation of the unprecedented market and credit environment and its impact on our historical risk positions. During the first quarter, valuations of our sub-prime related exposures in fixed income...
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Read this dispatch from MSN Money. Read it twice if you have to. I did. Citi did worse than expected, and people see this as a good sign. What sort of perverse logic leads to this conclusion? As the article states, investors have chosen to interpret this as a bottom. Forgive me, I'm a little slow, but haven't people been calling a bottom in financials every quarter for a year? Don't investors foolishly believe that the worst is over with every new rash of write-downs or shotgun wedding...
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CEO Pandit's Vision: Wealth Management, Credit Cards, Consumer Banking, Securities & Investment Banking, and Transaction Services; Citi Plans to Cut Operating Expenses to 58% of Revenue from 62%
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Citigroup Inc. , reeling from record losses, may sell its consumer-banking unit in Germany as part of Chief Executive Officer Vikram Pandit 's plan to replenish capital.
- Vikram Pandit, Citigroup’s Chess Master (news.google.com)
May 16 (Bloomberg) -- Citigroup Inc. , reeling from record losses, may sell its consumer-banking unit in Germany as part of Chief Executive Officer Vikram Pandit 's plan to replenish capital.
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"Citi CEO Vikram Pandit recently conducted intensive business reviews of all of our global businesses to optimize Citi for future growth and we continue to ...
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NEW YORK : Citigroup Inc. suggested Friday that it is considering a sale of its German retail bank. As part of CEO Vikram Pandit's review of Citi's various businesses around the world, the company is " a variety of options for our retail banking ...
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Citigroup Inc. suggested Friday that it is considering a sale of its German retail bank. As part of CEO Vikram Pandit's review of Citi's various businesses around the world, the company is "exploring a variety of options for our retail banking business in Germany, the most profitable in terms of...
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By Margaret Popper and Josh Fineman May 12 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit faces an ``impossible feat'' in turning ...
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- Citigroup CEO Vikram Pandit joins other chief executives in saying ... (news.google.com)
- Vikram Pandit among least paid CEOs in the world (news.google.com)
It is far too early to say whether Vikram Pandit will be a success as Citigroup’s chief executive. But it is already clear that his performance as a hedge-fund manager is nothing to crow about.
Forbes takes a close look at how Old Lane, the hedge fund that Mr. Pandit helped found and then sold to...
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From dealbook.blogs.nytimes.com
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NEW YORK, May 16, 2008 -- Attorney Advertising. The law firm of Milberg LLP announces that on May 8, 2008, it filed a class action lawsuit on behalf of persons or entities that purchased auction rate securities from Citigroup, Inc. or related entities between May 8, 2003 and February 13, 2008...
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CEO Vikram Pandit and crew outlined a new plan meant to shore up the company’s balance sheet. Pandit wants to dump what professor Andrew Jeffery calls the ...
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Citigroup Inc businesses would work together, allowing them to squeeze more revenue from individual products by selling them across multiple units.
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- Vikram Pandit's payout from Citigroup: $216 million (news.google.com)
- Citigroup's Vikram Pandit lowest paid CEO in world (news.google.com)
- Vikram Pandit under pressure to show results at Citigroup (news.google.com)
