Topic: Vikram Pandit
Summary Box: Citi CEO sees return to profitability
AP News
Summary Box: Citi CEO says bank returning to 'sustained profitability' after strategy shiftBULLISH OUTLOOK: Citigroup Inc. says its returning to "sustained profitability" after losing billions on bad loans and taking a federal bailout. CEO Vikram Pandit says the bank is shedding risky mortgage assets and shifting focus to emerging markets ...
Citigroup CEO says bank on path to profitability
AP News
Citigroup CEO says bank on path to 'sustained profitability' after asset sales, strategy shiftCitigroup Inc. says it's heading back toward sustained profitability after two years that saw the bank lose billions of dollars and be bailed out by the government. CEO Vikram Pandit said Thursday that Citigroup has overhauled ...
Citigroup sees return to sustained profitability
Reuters US Online Report Business News
NEW YORK (Reuters) - Citigroup Inc <C.N> Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate. The comments were uncharacteristically optimistic for ...
Summary Box: Citi CEO says crisis changed bank
AP News
Summary Box: Citi CEO says bank is 'different,' 'healthier' than before the financial crisisWHY CITIGROUP CEO VIKRAM PANDIT TESTIFIED: The Congressional Oversight Panel for the $700 billion financial bailout held a public hearing on Citi's generous, multistep bailouts. The government eventually committed more than $45 billion. PANDIT'S POINTS ...
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