Disgusting; U.S. Pisses Away $306b on Citigroup Update: Vikram Pandit named CEO of Citigroup on December 11. Click here for details. Vikram Pandit is that rare Indian who has made it big within the stratospheric heights of the financial sector in New York. A Mumbai native, Vikram Pandit is CEO of Citigroup’s Institutional Clients Group comprising of Citi […]
Embattled financial services giant Citigroup is expected to take another mega write-down of $8 billion-$11 billion on top of the $5.9 billion write-down the bank took in early October, according to reports coming out of New York City. The huge write-down is necessary in view of the falling value of sub-prime mortgage securities held by […]
