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Vikram Pandit

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  • Citigroup Board Elects New CEO     Tuesday, 16 Oct 2012 | 8:32 AM ET

    The "Squawk Box" news crew, discuss the sudden departure of Citgroup's CEO, Vikram Pandit and his elected replacement, Michael Corbat.

  • Pandit stepping down as Citi CEO Tuesday, 16 Oct 2012 | 8:19 AM ET

    NEW YORK-- Citigroup Inc. says Vikram Pandit is stepping down as CEO and a board member. The New York bank's new CEO will be Michael Corbat, the CEO of the company's Europe, Middle East and Africa division. Pandit says that "now is the right time for someone else to take the helm at Citigroup" after the bank "emerged from the financial crisis as a strong institution."

  • "I don't know what the heck is going on here," says Jim Cramer, commenting on the sudden departure of Vikram Pandit, Citigroup's CEO, after the company reported a very good quarter.

  • Citi's Pandit Steps Down As CEO     Tuesday, 16 Oct 2012 | 8:09 AM ET

    CNBC's Becky Quick and Joe Kernen, report Citigroup's Vikram Pandit is stepping down as the company's CEO. Chris Whalen, Tangent Capital Partners, weighs in on the top management change, with CNBC's Jim Cramer, Kayla Tausche, and David Walker, Comeback America Initiative CEO.

  • US futures edge up on strong corporate earnings Tuesday, 16 Oct 2012 | 7:14 AM ET

    Mattel and UnitedHealth posted strong results for the third quarter. Goldman Sachs and Johnson& Johnson both beat Wall Street expectations. The Coca-Cola Co. says its net income rose 3 percent.

  • US economy hopes buoy markets Tuesday, 16 Oct 2012 | 6:46 AM ET

    LONDON-- Mounting hopes over the U.S. economic recovery bolstered markets for a second day on Tuesday and helped push the euro back above $1.30. Strong earnings figures from the likes of toy maker Mattel, Johnson& Johnson and Goldman Sachs, further buoyed sentiment.

  • Mortgage comeback? Citigroup isn't so sure Monday, 15 Oct 2012 | 11:39 AM ET

    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.

  • Citi beats expectations after loss on brokerage Monday, 15 Oct 2012 | 8:02 AM ET

    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.

  • Emerging Markets 'Not Immune' to Europe's Woes: Pandit Monday, 18 Jun 2012 | 11:20 AM ET
    Vikram Pandit

    The risk Citigroup has to Europe is "extremely manageable" given the size of the bank, CEO Vikram Pandit told CNBC in an interview.

  • Occupy Nation by Tom Gitlin

    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."

  • Citigroup’s Chief Rebuffed On Pay by Shareholders Wednesday, 18 Apr 2012 | 9:34 AM ET
    Citibank's Chief Executive Vikram Pandit

    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.

  • Citi Earnings Update     Monday, 16 Apr 2012 | 11:43 AM ET

    CNBC's Mary Thompson has the latest detail from Citigroup's conference call, reporting the Fed's review of Citi's new capital plan will take up to 75 days.

  • Goldman Sachs CEO Lloyd Blankfein

    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

  • Citi CEO: Slow Growth Ahead, Europe a Factor Wednesday, 25 Jan 2012 | 6:13 PM ET
    Citigroup Building

    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.

  • Vikram Pandit on Citi's Expenses     Wednesday, 25 Jan 2012 | 4:30 PM ET

    "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's Dangerous Idea Wednesday, 11 Jan 2012 | 4:03 PM ET
    Vikram Pandit

    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”.

  • Colleges With CEO Alumni Tuesday, 20 Sep 2011 | 5:12 PM ET
    “If you don’t do better in school, you won’t get into a good college.”This stern warning is intoned by parents the world over, as they shake their heads over a disappointing report cards dotted with the Cs and Ds. While this admonition is surely true, many parents aren’t sure what constitutes a “good school.” Most believe it’s one with name recognition--and not much else.One way a school can distinguish itself is by the track record of its graduates. Indeed, what is a better gauge of a school’s

    CNBC.com looked at the top ten colleges and discovered which CEOs spent time there as underclassmen. Check out what we found.

  • Leave Citigroup Independent: Saudi Prince Al Waleed Friday, 20 May 2011 | 4:56 PM ET

    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."

  • Pandit's Big Pay Day     Thursday, 19 May 2011 | 10:38 AM ET

    While Citi CEO Vikram Pandit sees a big payday, it's not the case for shareholders. Insight with Christopher Whalen, Institutional Risk Analytics.

  • Five Things to Watch: Earnings Edition Wednesday, 20 Apr 2011 | 6:40 PM ET
    Apple Store

    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…

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