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Financials Vikram Pandit - CNBC

  • Pandit's Legacy

    Neil Weinberg, American Banker, and CNBC's Bob Pisani, discuss what Vikram Pandit will be remembered for at Citi.

  • In the wake of a major leadership shift Citigroup, billionaire investor Wilbur Ross said Tuesday that banks have become “too complex to manage” and will probably return to a simpler business model.

  • Yahoo Poll: Citi Shake-Up Good for Stock?

    On today's Yahoo! Finance Poll, viewers answered the question "Why do you think Citigroup CEO Vikram Pandit is leaving." CNBC's Sue Herera reports 45 percent say "something's fishy."

  • Shake-Up at Citi: What Really Happened

    After five years at the helm of one of Wall Street's biggest and most challenged banks, Vikram Pandit is out as CEO, reports CNBC's Kayla Tausche. Neil Weinberg, American Banker, weighs in.

  • Pandit Tells Maria He Decided It's 'Right Time'

    CNBC's Maria Bartiromo recounts a telephone interview she just concluded with outgoing Citigroup CEO Vikram Pandit. Contrary to reports he had been ousted by Citi's board, Pandit told Maria he made the decision because he felt it was the "right time" to go. Maria says she believes the exit was prompted by a compensation dispute.

  • Wilbur Ross on Financials, Energy

    Wilbur Ross, WL Ross & Co., offers his take on the financials in light of Vikram Pandit's departure at Citigroup. He also shares thoughts on energy.

  • FMHR Top Three Trades

    The FMHR traders reveal their top three trades. And Wilbur Ross, WL Ross & Co., weighs in on Vikram Pandit's exit from Citigroup.

  • A change in Citigroup leadership provided the all-clear signal for investors, Stephen Weiss of Short Hills Capital said Tuesday on CNBC.

  • Wien: Pandit 'Competent Person'

    Byron Wien, Blackstone Advisory Partners, says Vikram took Citigroup from the brink and brought it back. "He's a very competent person; I don't know what happened here," he said.

  • Michael Corbat's Memo to Citi

    Michael Corbat's memo to Citi.

  • Why I Bought Citi on Pandit Exit: Weiss

    Stephen Weiss, Short Hills Capital Partners, explains why he bought Citi on news that Vikram Pandit was stepping down as CEO. Gerard Cassidy, RBC Capital, and Timothy Ghrisky, Solaris Asset Management, also weigh in.

  • Vikram Pandit

    The following is a memo sent to Citigroup employees by departing CEO Vikram Pandit.

  • Vikram Pandit stepped down Tuesday as CEO of Citigroup. _ April 2007: Old Lane hedge fund, which Pandit formed a year earlier, is acquired by Citi for $800 million. _ September 2008: Citi announces it will buy the struggling bank Wachovia at the height of the financial crisis.

  • Pandit Resignation Was His Decision: Source

    "Changes at the top always involve risk," said David Trone, JMP Securities, weighing in on the impact of Pandit's departure on the company's stock.

  • Pandit Out, Citi Stock Up

    Reviewing Citi's stock after the announcement of Pandit's departure, with CNBC's Gary Kaminsky, and a look at Citi's new CEO, Michael Corbat, with CNBC's Michelle Caruso-Cabrera. Also, CNBC's Bob Pisani with an update on Citi's compensation plan.

  • Battery Maker A123 Files For Bankruptcy Protection

    CNBC's Philj LeBeau reports the bankruptcy filing comes after the company was unable to make a $2.8 million interest payment.

  • Inflation is low, earnings are high, investors are happy. Results at Mattel, Goldman Sachs, and Johnson& Johnson were all above expectations. Also Tuesday, the Labor Department said consumer prices rose just 0.1 percent last month, not counting food and energy costs.

  • How All-Time High CPI Impacts Your Money

    CNBC's Rick Santelli, talks with Peter Boockvar, Miller Tabak about the sudden departure of Citi's Pandit, and the impact of the high cost of living on the economy.

  • Pandit's Exit 'Smacks of a Coup': Author

    Bethany McLean, Vanity Fair contributing editor, discusses the quick departure of Vikram Pandit and why it doesn't add up.

  • Corbat is the Right Replacement: Analyst

    Jeffery Harte, Sandler O'Neill principal, discuss the quick departure of Citi's CEO, and why he believe Michael Corbat is a good fit to replace Vikram Pandit.