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Vikram Pandit

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  • ST. LOUIS- The two men at the top of Citigroup Inc, the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself.

  • Citigroup's leaders say company is still too complex Tuesday, 22 Apr 2014 | 3:15 PM ET

    ST. LOUIS, April 22- The two men at the top of Citigroup Inc, the third-biggest U.S. bank and the most international, acknowledged on Tuesday that the company must do more to simplify itself.

  • NEW YORK, April 3- Citigroup Inc said on Thursday that Gene McQuade, a bank executive who was retiring to become a director, will lead a new push to win permission from the Federal Reserve to pay higher dividends and buy back stock. Corbat said the Fed's rejection last week of Citigroup's plan to distribute capital "is a call to action for our firm."

  • NEW YORK, April 2- Morgan Stanley Chief Financial Officer Ruth Porat on Wednesday called on government and corporate leaders to encourage the promotion of women into senior business roles, saying the number of women in top positions at U.S. corporations is "an embarrassment."

  • WASHINGTON/ NEW YORK, March 26- The Federal Reserve on Wednesday rejected Citigroup Inc's plans to buy back $6.4 billion of shares and boost dividends, saying the bank is not sufficiently prepared to handle a potential financial crisis.

  • Federal Reserve on Wednesday rejected Citigroup's planned payout to shareholders because of shortcomings found in its annual check-up of the financial health of the country's biggest banks, the second time Citi was dealt a blow in the so-called stress tests.

  • March 12- Citigroup Inc has reduced the annual compensation of high-ranking executive Manuel Medina-Mora following problems with controls against money laundering at the Mexico subsidiary he oversees.

  • The neighborhood has created heartache for its residents, but it is also disappointing for Citigroup Inc, which helped finance Desarrolladora Homex, the site's developer and once Mexico's second-largest homebuilder. And some banking analysts say they fear the loan losses could be a taste of further emerging market credit losses to come for Citigroup.

  • Citi CEO Corbat gets $14.1 mln in 2013 Thursday, 20 Feb 2014 | 9:43 PM ET

    Feb 20- Citigroup Inc Chief Executive Michael Corbat received a 23 percent pay rise in 2013, his first full year after replacing Vikram Pandit at the helm, a regulatory filing on Thursday showed. Corbat earned an estimated $14.1 million in 2013 under Citi's executive pay structure, which the company overhauled last year amidst shareholder pressure.

  • Jan 16- Citigroup Inc posted weaker-than-expected quarterly results on Thursday, as lackluster bond-trading results weighed on overall revenue. The bond trading results lagged rivals' including Bank of America Corp and JPMorgan Chase& Co..

  • Jan 13- Citigroup's former Chief Operating Officer John Havens has been appointed as non-executive chairman of Napier Park Global Capital LLC, the hedge fund spun out of the bank last year. Napier Park, which has about $5.5 billion in assets under management, was spun out of Citigroup last year and the bank retains a minority stake in it.

  • NEW YORK, Dec 11- Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday.

  • Citigroup Meeting: What a Difference a Year Makes Wednesday, 24 Apr 2013 | 4:22 PM ET

    In a marked difference to prior annual meetings, Citigroup shareholders praised management and the board on Wednesday for revitalizing the bank's strategy.

  • Banking: Big Banks, Big Changes Tuesday, 4 Dec 2012 | 11:28 AM ET

    And battles will brew over Volcker and derivatives rules.

  • Does Shareholder Activism Accomplish Anything? Tuesday, 20 Nov 2012 | 9:39 AM ET

    Some corporate governance experts argue that Say on Pay has had little if any impact on reining in what public companies decide to pay their leaders.

  • Tipping Point for Combined Chairman and CEO? Thursday, 15 Nov 2012 | 4:25 PM ET

    The combined role of chairman and chief executive officer, a corporate governance structure favored by many Fortune 500 firms, may soon go the way of the pension plan.

  • What Happens When Shareholders Have Power? Thursday, 15 Nov 2012 | 3:26 PM ET
    Vikram Pandit

    Empowered shareholders have helped drive board members from their seats and CEOs from their perch in a string of companies. In response, board members are upping their efforts to please.

  • Pandit Pushed Out?     Friday, 26 Oct 2012 | 3:36 PM ET

    The resignation of Citigroup CEO Vikram Pandit last week may not have been as sudden as it seemed, reports CNBC's Kayla Tausche.

  • Was Citi's Pandit Pushed Out?     Friday, 26 Oct 2012 | 10:47 AM ET

    Harvey Pitt, Kalorama Partners CEO, weighs in on whether Vikram Pandit's resignation was his decision alone.

  • Vikram Pandit

    Vikram Pandit’s last day at Citigroup swung from celebratory to devastating in a matter of minutes. Having fielded congratulatory e-mails about the earnings report in the morning that suggested the bank was finally on more solid ground, Mr. Pandit strode into the office of the chairman at day’s end on October 15 for what he considered just another of their frequent meetings on his calendar.

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