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Vikram Pandit

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  1. Progress Slows at Citigroup, but Potential Remains

    Headlines

    Fri, 17 Jan 2014

    Citigroup. We also think new CEO Michael Corbat's experience will serve Citigroup shareholders well. In contrast to Vikram Pandit , who brought investment banking and hedge fund experience to the CEO role, Corbat has served in a variety of basic

  2. Peer-to-Peer Lending: Ready to Grow, Despite a Few Red Flags

    Headlines

    Mon, 13 Jan 2014

    lending hit the headlines in early December when former Citigroup CEO Vikram Pandit invested in Orchard, a New York City-based startup ..... aims to create a secondary market for P2P loans. Pandit is part of a group including venture capital firms Canaan

  3. INDIA PRESS-Former Citi CEO Pandit may set up bank in India with PEs - Business Standard

    Headlines

    Wed, 6 Mar 2013

    Note: Reuters has not verified these stories and does not vouch for their accuracy. (Compiled by Ranjit Gangadharan in Mumbai)

  4. Corbat to Cut More Costs at Citi

    Commentary

    Thu, 6 Dec 2012

    million in 2013 and as much as $1.1 billion by 2014, in its first significant move since Michael Corbat replaced Vikram Pandit after the bank reported third-quarter earnings. Citigroup will eliminate 11,000 jobs as a result. We see the

  5. Tech Takeaways From a Rocky Week

    Video Reports

    Fri, 19 Oct 2012

    browsing on his mobile devices is Vikram Pandit . He is out of Citi. We learned ..... on Monday, and then the next day Vikram Pandit suddenly resigns. We're not exactly ..... dime. I think it wasn't that Pandit was doing a particularly bad job

    Vikram Pandit Pandit found at 7:29

    will probably have more time for browsing on his mobile devices is Vikram Pandit . He is out of Citi. We learned that this week. What is the detail behind that ouster? Glaser: That was a big surprise. Probably with Google, those are the too big surprises of the week, because Citi reported respectable earnings on Monday, and then the next day Vikram Pandit suddenly resigns. We're not exactly clear what the story is, but it seems like he clashed with the board a little bit,
  6. Are Big Banks a Bargain?

    Video Reports

    Wed, 17 Oct 2012

    third-quarter earnings. Why was Vikram Pandit out? What's happening there ..... lot of investors wanted to see. Vikram Pandit was criticized as not a real banker ..... come more from the board than from Pandit . In that case, we think we'll

    Vikram Pandit Pandit found at 0:25

    CEO. It announced that the day after their third-quarter earnings. Why was Vikram Pandit out? What's happening there? Sinegal: Well, we've gotten some more information or at least rumors in the last day or two since Pandit announced his resignation. It was definitely a big surprise at the time. Citi had reported a pretty good quarter in our opinion. It looks like that the resignation stemmed from some problems with the board. Over the last few years, Citi has put into place a really strong board of directors. There are some experienced banking executives, and a couple of directors who have done successful turnarounds. It's a really strong board. It seems like Pandit was clashing with them, and the only way to resolve their dispute was to get Pandit out. Glaser: So, who is going to be running Citi now, and do you think he's up to the task? Sinegal: The new CEO of Citigroup will be Michael Corbat. There is not a lot known about him at this point. He was most recently in charge of Citi's Europe, Middle East, and African operations. Given that Citigroup's focus is on developing in emerging markets, that's definitely good experience to have. [He has] a long background in banking, and at Citigroup that's something that regulators wanted to see and a lot of investors wanted to see. Vikram Pandit was criticized as not a real banker having come from investment bank. The new CEO has a lot more banking experience, and
  7. Detail Emerge About Pandit's Departure

    Commentary

    Wed, 17 Oct 2012

    Since the abrupt announcement of Vikram Pandit 's resignation following Citigroup ..... far more banking experience than Pandit . Furthermore, the simplified ..... is a more experienced banker than Pandit , having worked in Citigroup's

  8. Citi CEO Pandit exits abruptly after board clash

    Headlines

    Tue, 16 Oct 2012

    (Reuters) - A regular Citigroup Inc board meeting to talk about quarterly results took an unexpected turn on Monday night, when simmering tensions between Chairman Michael O'Neill and then Chief...

  9. BRIEF-Citigroup down in premarket after Pandit resignation

    Headlines

    Tue, 16 Oct 2012

    NEW YORK, Oct 16 (Reuters) - Citigroup Inc : * Down 1.8 percent to $36 in premarket after CEO Vikram Pandit and COO John Havens resignations

  10. CEO Pandit Leaves Citigroup

    Commentary

    Tue, 16 Oct 2012

    Citigroup C announced Tuesday that Vikram Pandit has stepped down as CEO and will be replaced by Michael ..... makes up a far smaller percentage of total assets, and Pandit 's simplified strategy of focusing on global businesses

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