Vikram Pandit

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

Enlarge image 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

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

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

Big banks are realizing they may actually have to pay attention to customers to keep them.   Do You Like this Article? Then Like Us on Facebook.   An unprecedented number of people dumped billion-dollar institutions for smaller banks in 2011, a new report from Javelin Strategy and Research shows. The big switch came as anti-bank rage swelled, driven by the Occupy movement, Bank Transfer Day -- and the $5 monthly debit card fee that Bank of America abandoned last fall after a storm of...Read Full Story

Big banks are realizing they may actually have to pay attention to customers to keep them.   Do You Like this Article? Then Like Us on Facebook.   An unprecedented number of people dumped billion-dollar institutions for smaller banks in 2011, a new report from Javelin Strategy and Research shows. The big switch came as anti-bank rage swelled, driven by the Occupy movement, Bank Transfer Day -- and the $5 monthly debit card fee that Bank of America abandoned last fall after a storm of...Read Full Story

Customers who use Citibank’s iPad bill-paying app might want to pay closer attention to their bank statements: A technological glitch recently caused the app to charge an undisclosed number of customers twice for bank payments. As early as last summer, Citibank received anonymous complaints, sent to the Apple App Store, about the double charges, according to Andrew Brent, a Citi spokesman. Months later, in late December, the bank detected that its app was to blame for problem. Since then...Read Full Story

Tue, Dec 13 2011 13:39 IST | 17 Views | Add your comment SHARE: Several executives of Indian American chief executive Vikram Pandit led Citigroup were in open insurrection against top management over risky, speculative investments that failed in spectacular fashion in early 2008, according to a media report. Citi's own private bankers and financial advisors felt they themselves were duped by their fellow workers about the riskiness of these investments, Fox Business Network...Read Full Story

Wed, Dec 7 2011 9:39 IST | 9 Views | Add your comment SHARE: US banking giant Citigroup , led by Indian-American Chief Executive Vikram Pandit, is set to lay off about 4,500 employees over the next few months to cut costs amid tough economic times. Some of the job cuts, representing 1.7 percent of the group's total global headcount of 267000 as at the end of September, would be from the firm's proprietary-trading operations as regulators seek to restrict banks from betting...Read Full Story