UPDATE: Citi's (C) Former COO Approves 'Carve Out' Prior to Departure
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Citigroup (C) reached deal to carve out bank's hedge funds in Q3
October 19, 2012 3:35 PM EDTCitigroup, Inc. (NYSE: C) reached deal to carve out bank's hedge funds in Q3.... More
Citigroup (C) Pandit Memo to Employees
October 16, 2012 9:21 AM EDTCitigroup (NYSE: C) CEO Vikram Pandit issued a memo to employees on his decision to step down.
Dear Colleagues:
After five extraordinary years, I have decided to step down as CEO of Citi. It has been a privilege and an honor to... More
Citi (C) CEO Pandit Steps Down
October 16, 2012 8:10 AM EDTThe Board of Directors of Citigroup today announced that Vikram Pandit has stepped down as the Companys Chief Executive Officer and as a member of the Board, effective immediately. The Board also announced it has unanimously elected Michael Corbat CEO and a director of the Board. Mr. Corbat previously served as Citigroups CEO of Europe, Middle East and Africa.
Mr. Pandit said: Thanks to the dedication and sacrifice of people across Citigroup, we have emerged from the financial crisis as a strong institution. Citigroup is well-positioned for continued profitability and growth, having refocused the franchise on the... More
