In a marked difference to prior annual meetings, Citigroup shareholders praised management and the board on Wednesday for revitalizing the bank's strategy.» Read More
Confusion seems to be reigning over at Citigroup where CEO Vikram Pandit resigned unexpectedly earlier this week. CNBC's Kate Kelly reports Securities and Banking Chief James Forese was unofficially offered the President/COO title, but Forese is reluctant to the role.
Wall Street executives are "delusional" if they think their pay will continue to rise significantly, Kenneth Feinberg, the former Obama administration special master on executive pay, told CNBC on Friday.
When Michael E. O’Neill became chairman of Citigroup, he took a detailed look at business lines, a hands-on approach that created friction with CEO Vikram Pandit, and paved the way for Pandit's ouster, the New York Times reports.
William Cohan, author of "Power and Money: How Goldman Sachs Came to Rule the World" and a veteran Wall Street watcher, says the former Citigroup chief executive was most likely pushed out from his the C-suite office.
Former SEC chief Harvey Pitt told CNBC Wednesday that the commission should investigate the surprise departure of CEO Vikram Pandit from Citigroup, since there were no hints given on the bank's earnings call the day before.
CNBC's Gary Kaminsky weighs in on the future of big banks.
Harvey Pitt, former SEC chairman, weighs in on the abrupt departure of Citi's CEO, and how regulations are impacting Wall Street banking.
Sen. David Vitter, (R-LA), discusses the abrupt departure of Citi's CEO, and weighs in on last night's presidential debate.
Steven Rattner, current chairman of Willett Advisors, discusses the government's bailout of the auto industry and whether it saved jobs. Rattner also weighs in on management changes at Citigroup.
CNBC's Kate Kelly reports the latest details on the shakeup at Citigroup.
Buy Bank of America for the long-term, if you can stomach volatility, said Jeffery Harte, Sandler O'Neill principal, breaking down the big bank's third quarter's earnings and weighing in on what the numbers indicate about the state of the financial sector. Also, a look at the future of Citibank.
It would be a huge mistake to let the economy go over the fiscal cliff, said Lawrence Summers, Harvard University, discussing why it's important to rise above political rhetoric and address the nation's debt problems.
Bethany McLean, contributing editor at Vanity Fair and columnist at Reuters, tells CNBC there definitely was a coup going on regarding the resignation of Citigroup CEO Vikram Pandit one day after the release of earnings results.
Len Blum, managing director at Westwood Capital and David Enrich, European banking editor of the Wall Street Journal, tell CNBC that a series of mishaps and poor strategic direction led to former Citigroup CEO Pandit's recent resignation.
Stuart Kirk, head of LEX column at The Financial Times, tells CNBC, whether you pay a dividend or not does not change the valuation of a company and in the context of Citi is an irrelevant sideshow.
James Caan founder and CEO of Hamilton Bradshaw, tells CNBC, that the resignation of Vikram Pandit from Citi would have been well preplanned and organized at least four to six weeks ago.
In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank. It trails JPMorgan Chase, with $2.3 trillion, and Bank of America, with $2.1 trillion.
Matt Koppenheffer, Senior Banking Analyst, Motley Fool says Pandit's abrupt departure from Citi raises questions about what went on behind closed doors. He also discusses what Michael Corbat will bring to the table for Citi.
CNBC's Bob Pisani reports today is the second day the markets closed around highs; and Kenneth Heebner, Capital Growth Management, offers his take on Citigroup CEO Vikram Pandit's decision to quit today, and housing prices.
Mad Money host Jim Cramer shares his final thoughts of the day.