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Vikram Pandit

Bernie Madoff, Scapegoat

Michael Moore | Posted 05.25.2011 | Business
Michael Moore

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.

Citi Wants Geithner's Approval To Pay Out Bonuses

Posted 05.25.2011 | Business

Fresh on the heels of public outrage over AIG retention payments and Merrill Lynch bonuses, Citigroup is set to be the next financial behemoth to take...

Pressure To Oust Vikram Pandit Mounting

New York Post | MARK DeCAMBRE | Posted 05.25.2011 | Business

Citigroup CEO Vikram Pandit's job security is increasingly in jeopardy as momentum grows in Washington to oust him. ...

Vikram Pandit To Be Replaced? FDIC Officials Discuss Finding New Citi CEO

Financial Times | Posted 05.25.2011 | Business

Vikram Pandit, Citigroup's chief executive, will on Tuesday strive to convince investors that the company is on the road to recovery amid fresh questi...

Obama Considered Ousting Citi's Pandit But Declined Due To "Paucity Of Candidates" To Replace Him

Wall Street Journal | NEIL KING JR. And NAFTALI BENDAVID | Posted 05.25.2011 | Business

WASHINGTON -- The ouster by the government of General Motors Corp. Chief Executive Rick Wagoner could put pressure on the Obama administration to deal...

Wall Street CEOs Push Back On Bonus Tax: "Terribly Unfair"

Wall Street Journal | JOE BEL BRUNO and MATTHIAS RIEKER | Posted 05.25.2011 | Business

The chief executives of the nation's three largest banks on Friday pushed back against legislation that would heavily tax Wall Street bonuses. Citigr...

Vikram Pandit Executive Suite's $10 Million Refurbishing

Bloomberg | Posted 05.25.2011 | Business

March 19 (Bloomberg) -- Citigroup Inc. plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit and his lieutenants, ...

Pandit Told Congress Compensation Was $1 Million, But Bank Filing Shows $10.8 Million (WATCH)

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Citigroup Chief Executive Vikram Pandit received nearly $11 million of compensation in 2008. A month earlier, he testified to Congress that his comp...

Citigroup's Pandit Awarded $10.8 Million In 2008

Reuters | Posted 05.25.2011 | Business

Citigroup Inc (C.N) awarded Chief Executive Vikram Pandit $10.8 million of compensation in 2008, a year in which the bank required two government resc...

Citigroup's History Of Overreaching, Then Being Rescued

Washington Post | Binyamin Appelbaum | Posted 05.25.2011 | Business

When Citicorp and Travelers Group agreed on a historic merger in 1998, the heads of the two companies placed a courtesy call to inform the Treasury De...

Citibank Hates Old People

Mena Trott | Posted 05.25.2011 | Business
Mena Trott

During the election there was a lot of talk of not using a hatchet when a scalpel is needed. It seems as if Citibank just brought out their hacksaw and blunt hatchet.

Citigroup Job Cuts: Could Citi Be Headed For Buyout Or Government Takeover?

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

All weekend, the media has been atwitter with the rumor of enormous impending job cuts at Citigroup. This morning, Clusterstock reports that Citigroup...

Grayson Grills Citigroup CEO (VIDEO)

American News Project | Posted 05.25.2011 | Politics

CEOs of the biggest bailed-out banks finally appeared before Congress. Over the course of a seven-hour hearing, there were remarkably few revealing mo...

Flying Coach: Geithner Part Of Growing Bigwig Trend

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

It all started with the Big Three Detroit automakers, when they took corporate jets to Washington to plead for a taxpayer bailout. But now, as pro...

Does Obama Know What He Is Doing?

Paul Jenkins | Posted 05.25.2011 | Politics
Paul Jenkins

Let's not lose sight of the fact that, like Cheney, these political and business leaders all think they know what they are doing.

Citigroup And The Credit Card

Christopher Brauchli | Posted 05.25.2011 | Business
Christopher Brauchli

As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.

Citigroup Breaks Up, "Financial Supermarket" Model Dead

AP | MADLEN READ and SARA LEPRO | Posted 05.25.2011 | Business


Citigroup CEO: I Understand How People "Would Be Furious At What Happened"

Reuters | Posted 05.25.2011 | Business

NEW YORK - Citigroup Inc Chief Executive Vikram Pandit on Tuesday blamed prior management for diving too deeply into real estate, causing losses that ...

How Much Should Citigroup CEO Vikram Pandit Make?

New York Times | Posted 05.25.2011 | Business

Sarah Anderson, a director at the Institute for Policy Studies, is an advocate of aggressive pay curbs and isn't likely to buy into an eight-figure in...

Flashback: "Citigroup's Self-Immolation and the Beginning of the Eclipse of American Style Capitalism"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Sorry, I was wrong ten months ago. The Citigroup bell has not tolled. The rot at the heart of American capitalism continues unabated.

Saudi Prince Alwaleed Bin Talal Has Full Confidence In Citigroup (VIDEO)

CNBC | Posted 05.25.2011 | Business

Saudi Prince Alwaleed bin Talal says he has "full confidence" in Citigroup CEO Vikram Pandit and believes the bank's financial problems will resolve t...

Citigroup Sale Under Consideration: Bank Looking At All Options

Wall Street Journal | Posted 05.25.2011 | Business

Executives at Citigroup Inc., faced with a plunging stock price, began weighing the possibility of auctioning off pieces of the financial giant or eve...

Letter From Rep. Waxman To Banks Questions Ethics Of Using Taxpayer Funds For Bonuses

Posted 05.25.2011 | Business

Below is the text of a letter sent on October 28, 2008 from Rep. Henry Waxman, chairman of the Committee on Oversight and Government Reform, to the he...

Pandit Rejected Goldman Sachs' Takeover Offer, Rumor Says

DealBook | Posted 05.25.2011 | Business

In yet another example of the backchannel maneuvering that preceded the federal government's bailout of the financial sector, Goldman Sachs' chief Llo...

Wall Street Journal Redraws Business Leaders' Headshots To Reflect Tough Times

CJR | Ryan Chittum | Posted 05.25.2011 | Media

Even The Wall Street Journal's famed stipple portraits (known internally as "hedcuts") aren't immune from the bummer that is the credit crisis. Here'...