Citi Taps IBanking Head Pandit As CEO

AP   |  Madlen Read   |   December 11, 2007 04:40 PM

Read More: Ceos, Charles Prince, Chuck Prince, Citi CEO, Citigroup, Citigroup CEO, Vikram Pandit, Win Bischoff, Breaking Business News
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Citigroup Inc. named Vikram Pandit, the head of its investment banking business, as its chief executive officer Tuesday, charging him with restoring the bank's profitability and reputation after missteps in lending and investing left Citi with billions of dollars in losses this year.

The banking company named Sir Win Bischoff, who has been Citi's acting CEO, as its chairman, replacing Robert E. Rubin, who had stepped into the role when former CEO and chairman Charles Prince was ousted last month.

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- marko77 See Profile I'm a Fan of marko77 permalink

Of course we are in a recession and worse. Guys like Pandit will make millions while the majority of us in America and the rest of the world will lose more and more ground.

    Favorite    Flag as abusive Posted 08:23 PM on 12/11/2007
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