Topic: Vikram Pandit

Citigroup's Vikram Pandit has decided that, for the second year in a row, $1 is enough pay for him. Pandit's salary will bounce back next year, however, regardless of what he wants. In a statement, Citigroup Chairman Richard Parsons said Pandit had ...

Citi CEO stresses "responsible finance"

NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit stressed the bank was now focusing on "responsible finance," a comment that comes as rival Goldman Sachs wrestles with legal woes.Pandit, speaking at Citigroup's annual meeting, said responsible finance "is the driving ...
Citigroup CEO says bank on path to 'sustained profitability' after asset sales, strategy shift Citigroup Inc. says it's heading back toward sustained profitability after two years that saw the bank lose billions of dollars and be bailed out by the government.CEO Vikram ...
Citi CEO says bank is 'different,' 'healthier' than before the financial crisis WHY CITIGROUP CEO VIKRAM PANDIT TESTIFIED:The Congressional Oversight Panel for the $700 billion financial bailout held a public hearing on Citi's generous, multistep bailouts.Echoing Obama administration positions justifying the Wall ...
There were a few remarkable exchanges at today's TARP Oversight hearing. Vikram Pandit was sometimes refreshingly direct with respect to providing simple yes and no answers to questions regarding the capital position (solvency, etc. When queried, Pandit refers to substantial asset sales, ...
Citigroup CEO Vikram Pandit receives $128,000 in 2009 compensation, down from $38.2M in 2008 Citigroup Inc. CEO Vikram Pandit received $128,751 in compensation for 2009 as the bank suffered huge losses on risky investments and failing consumer loans, according to an Associated ...

Time to Unplug Citi's Leak

Citigroup (C) should end the charade and release a still-secret consultant's report that supposedly gave rave reviews -- no kidding -- to Vikram Pandit and most of his management team.. If the report is as glowing about Pandit's stewardship as has been ...

Calling Geithner

Good work by the AP in getting a copy of Treasury Secretary's Tim Geithner's phone log, which shows that he was quite busy during the first-half of the year speaking to Wall Street bankers. But compare this to Bair's dealings with Citi--in ...

Pandit's Loaded Gun

Along with these earnings, Citi issued a press release, explaining that Citigroup has been stripped of its nonperforming and toxic assets, all of which have been bundled into an entity called Citi Holdings. The creation of Citicorp and Citi Holdings reflects our ...
Along with these earnings, Citi issued a press release, explaining that Citigroup has been stripped of its nonperforming and toxic assets, all of which have been bundled into an entity called Citi Holdings. The creation of Citicorp and Citi Holdings reflects our ...
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