Vikram Pandit, the former Citigroup chief executive who was ousted in 2012, is launching a new consulting firm called TGG, WSJ reported.» Read More
NEW YORK-- Citigroup isn't as enthusiastic as its peers about a comeback in the housing market. On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had turned a corner.
NEW YORK-- Citigroup said Monday that it beat Wall Street predictions for quarterly earnings after stripping out a big loss on its retail brokerage and other one-time charges. That amounts to $1.06 per share, beating the 96 cents predicted by analysts polled by financial data provider FactSet.
The risk Citigroup has to Europe is "extremely manageable" given the size of the bank, CEO Vikram Pandit told CNBC in an interview.
In his new book the author says the movement is "gambling is that it can broadly and intelligently mobilize enough of the 99 percent to change the momentum of American politics over the long haul."
The bank's shareholders rejected the $15 million pay package for CEO Vikram S. Pandit, marking the first time that stock owners have united in opposition to outsized compensation at a financial giant.
Greg Smith lobbed a verbal Molotov cocktail in The New York Times against his former firm, Goldman Sachs, and reaction to his resignation might lead you to believe a lot of people inside the firm agree with his negative assessment of CEO Lloyd Blankfein. Mmmmm...not so fast
U.S. economic growth "is likely to be a little bit slower than we might have thought a couple of quarters back" because "the European situation is having an impact," Citigroup CEO Vikram Pandit told CNBC.
"We are completely focused on expenses," says Vikram Pandit, Citigroup CEO. "We are going to be cautious on the market side," he tells CNBC's Maria Bartiromo.
Vikram Pandit has a proposal aimed at shining a light into the black boxes that are the balance sheets of our biggest financial institutions. Writing in Wednesday’s Financial Times, Vikram Pandit says that banks should be required to explain how they would measure risk in a standard portfolio created by regulators. The idea is to allow investors to make “compare apples with apples”.
CNBC.com looked at the top ten colleges and discovered which CEOs spent time there as underclassmen. Check out what we found.
Saudi Prince Alwaleed bin Talal said Citigroup is "definitely on the right track" and praised Chief Executive Vikram Pandit for "rehabilitating that bank and having it go back to where it should have been a long time ago."
Citi hosts shareholders following Pandit's first profitable year, while closing arguments continue in the trial of Raj Rajaratnam. But, with the holiday-shortened week, the pupu platter of earnings is the story Thursday. Here's what we're watching…