March 2009
Citigroup Chief Vikram Pandit Says Bank Having Best Quarter Since 2007 because of capital & Group strength: memo
Citigroup Chief Executive Vikram Pandit said the bank had been profitable in the first two months of the year, according to an internal memo. The memo also said that the bank was confident about its capital strength after it had done its own stress tes...
January 2009
Say goodbye to the Citi's Financial Supermarket !
“TOO big to fail, too shit to buy” Ichabod, Ichabod, how thy glory is departed! A Citi House built on sand; it fell after the rain, what a great fall. How true! How many more such fall to come? The model of a one-stop financial filling station base...
November 2008
Vikram Pandit happiest man in US: Government now Mexican billionaire Carlos Slim came to Citigroup
The investment firm owned by Mexican billionaire Carlos Slim has purchased a 1% stake in Citigroup Inc., the financial giant recently rescued by the U.S. government, an analyst close to the transaction said Tuesday. The stake — amounting to aroun...
Citigroup CEO Vikram Pandit blamed prior management and real state for everything!
“What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate,” Pandit said in an interview on PBS’ Charlie Rose show. “We got here by lending money, and putting mone...
It's Time to Say Bye Bye to Vikram Pandit!
I think CEO’s that are resistant to job cuts would be more innovative. A CEO who cuts jobs first just means “My job must be saved first” I miss the good old days of employee loyalty. Today, it is EXTINCT, long since destroyed by comp...
October 2008
Corporate fight: A complete review on Wachovia Corp- Citi, Charlotte bank, Wells Fargo and Vikram Pandit!
Citi and Wells Fargo both were anxiously negotiating to buy Wachovia. So, fast forward … Citi came to the table and strongarmed, with the Fed’s & Treasury Department’s, along with FDIC, too, Wachovia to “sign this agreement...
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