October 17, 2012 Comments Off on After Pandit, a smaller Citi could get smaller yet
NEW YORK (AP) — The incredible shrinking bank may have to shrink more. In the hours after Tuesday’s surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the ...
Tagged with: Banks citigroup vikram pandit
Read More »October 16, 2012 Comments Off on Vikram Pandit steps down as Citigroup CEO
Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, shocking Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed. Pandit’s replacement, effective immediately, is Michael Corbat, who had been CEO ...
Tagged with: Banks citigroup vikram pandit
Read More »August 17, 2012 Comments Off on Study: Companies paid more to CEOs than in U.S. tax
NEW YORK — Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, ...
Tagged with: at&t boeing ceos citigroup Taxes vikram pandit
Read More »August 16, 2012 Comments Off on Study: Companies paid more to CEOs than in U.S. tax
NEW YORK — Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank. The study, by the Institute for Policy Studies, ...
Tagged with: at&t boeing Business citigroup Government Taxes vikram pandit
Read More »April 17, 2012 Comments Off on Citigroup investors give thumbs down to exec pay
NEW YORK — Citigroup shareholders are strongly expressing their displeasure with the pay that the bank’s top executives are taking home. At its annual meeting Tuesday, 55 percent of shareholders voted against the pay packages that have been granted to ...
Tagged with: bonus citigroup compensation executive compensation executives meeting shareholders vikram pandit
Read More »October 17, 2011 Comments Off on Citigroup earnings rise 74 percent, to $3.8B
NEW YORK — Citigroup Inc.’s earnings rose 74 percent in the third quarter as more of its customers paid their bills on time, leading to lower losses from loans. An accounting gain also boosted income. The profit report came as ...
Tagged with: bank Banks citigroup earnings new york occupy wall street profit revenue vikram pandit wall street
Read More »April 18, 2011 Comments Off on Citi’s Q1 profit falls 32 percent on lower loans
NEW YORK — Citigroup’s first-quarter income fell 32 percent on lower revenue from investment banking and a decline in consumer loans. The bank was able to set aside fewer reserves for losses as more borrowers were able to keep up ...
Tagged with: bank Banks borrowers citi citigroup earnings factset income investment banking new york revenue vikram pandit
Read More »
Maryland Daily Record Maryland's trusted source for business and legal news