Vikram Pandit

According to Barron’s, the compensation committee of Citigroup Inc. (NYSE: C) believes that CEO Vikram Pandit deserved a bonus last year, for being instrumental in raising capital, selling assets and repaying $20 billion of taxpayer bailout money. The bank didn’t say how large the award should have...

Talking with CNBC, Citigroup (NYSE: C) CEO Vikram Pandit said that his firm is completely aligned with principles underlying President Obama’s regulatory plans. He said that the Citibank is shedding its prop trading, hedge fund and other non-essential businesses and is getting more consolidated....

Bank of America (NYSE: BAC) recently appointed Brian T Moynihan as its CEO, replacing Kenenth D Lewis. But Bloomberg reports that the appointment took three months and a number of interviews of probable candidates, and is an indication that the largest US Bank did not have a succession plan in...

Citigroup Inc. (NYSE: C), 27 percent of which is owned by the Treasury Department, ended a three- quarter profit streak with a $7.6 billion loss on costs to exit the government’s bailout program. The fourth-quarter loss of 33 cents a share was narrower than the record loss of $17.3 billion, or $3...

The earthquake collapsed Citigroup's (NYSE: C) main building at Port-au-Prince, Haiti. Once the news of the earthquake broke, the company began an extensive search to track down its 44 employees in the nation. Citigroup is sending a team with medical equipment, humanitarian supplies, and...

Analyst see Primerica, the Insurance arm of Citigroup (NYSE: C), to have a starting value of $1.6 billion. This comes after Citigroup announce that they were taking one of their founding businesses public next year within the first quarter. They hope to generate around $100 million in the offering...