From marketwatch.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.
BOSTON (MarketWatch) -- Shares of Citigroup Inc. and the broader financial sector traded higher early Monday following reports that highly respected hedge-fund manager Paulson & Co. bought 300 million Citi shares during the third quarter. Citi shares were up more than 4% at last check Monday while the Financial Select Sector SPDR Fund , an exchange-traded fund tracking financial stocks, rose about 1%.
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