Vikram Pandit

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.

Citigroup Inc.'s (NYSE:C) management indicated that it is comfortable with its valuation for an asset that is expected to be written down by an accounting expert. Citigroup has a roughly $38 billion deferred tax asset, which essentially represents expected cash flow from future tax benefits....  
From hispanicbusiness.com ()
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