From 247wallst.com
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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.
It has been some time in the making and won’t be the last IPO or divestiture out of Citigroup Inc. (NYSE: C). The company is proceeding to divest its Primerica Inc. via an initial public offering.
Some fail to see a strategic fit in the supermarket model as this company sell term-life insurance and other investment [...]
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