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.

Bankers usually aren’t the ones making promises to pay the money back. But the CEO of Citigroup Inc. did just that in Kansas City this week. Citi owes the American taxpayer not only the $45 billion in federal aid it got but also “a debt of gratitude,” said Vikram Pandit, who was handed Citi’s top job at the start of this long, deep recession nearly two years ago.  
From kansascity.com ()
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