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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.
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The gone-sour deal to sell Wachovia Corp.’s banking operations to Citigroup Inc. began with a 5 a.m. phone call Wachovia’s Bob Steel made to Citigroup’s Vikram Pandit on Sept. 26. (C) (WB) (WFC)
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As negotiators in Washington struggled to devise a plan to rescue Wall Street and avert a global financial catastrophe, Citigroup CEO Vikram Pandit noted during an interview at Wharton last week that even with government intervention, global financial markets will need years to recover.
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- Fireside chat with Citi CEO Vikram Pandit (topix.com)
- Vikram Pandit makes mark with Wachovia purchase (timesofindia.indiatimes.com)
New York, Oct 10 (IANS) Leading global financial services company, Citigroup, has abandoned its fight for Wachovia bank, letting it go to Wells Fargo, but said it will seek compensatory and punitive damages for bad faith and breach of contract.India born Vikram Pandit led Citigroup announced...
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From thaindian.com
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The Financial Times reports that Citi CEO Vikram Pandit was splitting blood Monday, when addressing staff at a 'town hall' meeting.
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Davie Hinshaw - dhinshaw@charlotteobserver.com In this undated file photo provided by Citigroup Inc., CEO Vikram Pandit is shown.
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Vikram Pandit has done a lot to reshape Citigroup Inc. during his first year as chief executive officer of the financial conglomerate.
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October 7: Interview - In the Eye of the Storm, Citi CEO Vikram Pandit Sees a Difficult Recovery Ahead Location: Philadelphia Author: knowledge@wharton Date: Tuesday, October 7, 2008 As negotiators in ...
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From rss.topix.net via
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Wells Fargo & Co. won the battle for Wachovia Corp. after Citigroup Inc. withdrew from negotiations brokered by federal regulators that sought a compromise to the competing bids from Wells and Citigroup. (C) (WFC) (WB) (BAC)
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From milwaukee.bizjournals.com
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Citigroup Inc. Chief Executive Vikram Pandit says he intends to maintain a “strong presence” in Charlotte now that the company has agreed to buy the banking ...
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Wells Fargo & Co. abruptly triumphed Thursday in the fierce battle to buy Wachovia Corp. when Citigroup Inc. terminated talks with Wells about a deal to divide Wachovia and said it would not seek to legally block Wells Fargo's merger with Wachovia.
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- Contra Costa Times (topix.com)
Photo: NewscomWachovia, the banking operations of which Citigroup had agreed to acquire four days ago for $2.2 billion, has now announced it has struck a deal to sell the whole bank to Wells Fargo for about $15.1 billion in stock — without an FDIC backstop, which Citi had required. "This deal...
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From nymag.com
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Vikram Pandit, Citigroup's chief executive, has defended his handling of the company's bid for Wachovia, accusing the Charlotte, North Carolina-based bank of reneging on a nearly done deal when Wells Fargo launched a counterbid to "steal" the lender
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From ft.com
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Citigroup Inc. has ended its negotiations with Wells Fargo & Co. on finding a compromise over their competing bids for Wachovia Corp.
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From stlouis.bizjournals.com
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Wells Fargo & Co will become the largest US bank by branches with an $11.7 billion offer for ailing rival Wachovia Corp that trumped a competing bid by Citigroup Inc.
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(WB) lost billions of dollars in customer deposits - first before Citigroup Inc. (C) offered to buy its banking operations and later after Citi attempted to ...
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