UPDATE: Citi (C) Expected to Name Michael O'Neill Chairman -WSJ

March 2, 2012 4:04 PM EST
(Updated - March 2, 2012 4:20 PM EST)

WSJ reporting Citi (NYSE: C) expected to name Michael O'Neill Chairman. The bank's current Chairman Richard Parsons is expected to step down.

Shares have been very volatile in Friday's after-hours session following the headlines. The stock has swung both upwards and downwards, however is currently sitting at $34.07.


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