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Entries tagged "Pandit"If not Citi, then who will help Morgan Stanley?Less than a week after John Mack announced his pending retirement as CEO of Morgan Stanley, his heir, James Gorman, is possibly facing a daunting decision: managing Smith Barney by itself. Pandit on the hot seat, FT saysAfter 16 months on the job, rumors from Washington indicate that Vikram Pandit's days at Citigroup are numbered. Roll Call: Thanksgiving editionIt is the eve of Thanksgiving, and we all know what Citigroup Inc. CEO Vikram Pandit is thankful for: the government's bailout. Pandit appeared on "The Charlie Rose Show" Tuesday night talking about the bailout, and DealBook has the full transcript. Holiday references abound even in the financial blogosphere. PeHUB is using the holiday to issue "Turkey of the Year Awards" for bad judgment by private equity and venture capital firms. Meanwhile, Dealscape's affiliate, Corporate Dealmaker, used the holiday as a peg to examine three different Thanksgiving related business: turkey, stuffing and cranberry. Have a happy Thanksgiving. Dealscape will... Has Bischoff lost control of Citi?The front page of Thursday's Wall Street Journal features an anonymously sourced story about a dispute among directors at Citigroup Inc. Evidently some want to oust chairman Sir Win Bischoff, but from the tone of the story, it appears as if they may not have enough support to end his short tenure -- otherwise the story would announce his ouster. The story also prompts questions, like who leaked it? What do they have to gain? And what does this mean about CEO Vikram Pandit's future? ... Will RBS' Citizens drop the last four letters of its name?With $25 billion of fresh capital courtesy of Treasury Secretary Hank Paulson, Citigroup Inc.'s Vikram Pandit may go on a shopping spree for deposits. Meanwhile, troubled U.K. bank, Royal Bank of Scotland Group plc, which just got its own infusion from the British government, owns a relatively large bank franchise in the U.S., Citizen Financial Group Inc., without subprime exposure. Matchmaking anyone?... AFSCME demands Citi to spin off Smith BarneyA five-year-old effort to press for changes at Citigroup Inc. by a major activist labor union just went into high gear. ... Citigroup's Pandit and the new old-time religionA lot of blogging has already occurred about Citigroup Inc. CEO Vikram Pandit's op ed piece Friday in The Wall Street Journal. Yes, the tone is -- odd. After all, Pandit's very own institution transgressed every one of the principles he sets forth. And arguably, no institution around -- investment or commercial bank -- poses more of a systemic risk than his own. On the other hand, Pandit is implicitly suggesting that those sins were committed by his predecessors, and that he has the new religion. That is, the new old-time religion.... Primerica prepares to be taken off Citi's mapCitigroup Inc. CEO Vikram Pandit is tearing down one of the foundations of predecessor Sandy Weill's supermarket financial formula with the auction of Primerica Financial Services Co. The New York-based financial conglomerate received the first round of bids Friday for Primerica from life insurance and private equity companies, according to Reuters. Primerica is worth around $7 billion, and a deal could be in place by the end of the summer, Reuters added. Primerica was one of Weill's first acquisitions in 1988. With a desperate need for capital due to write-downs from the U.S. subprime mortgage crisis totaling $42.9 billion, the... Does Dimon covet Citi's overseas jewels?A new BusinessWeek article entitled "Dimon may go shopping" suggests that J.P. Morgan Chase & Co. CEO Jamie Dimon's M&A appetite may not be satiated by the recent Bear Stearns Cos. acquisition. The magazine's suggestions of U.S. purchases include mortgage-battered thrifts such as Washington Mutual Inc. (a rumor that seems to follow every J.P. Morgan earnings call) or even Wachovia Corp., which just sacked its CEO, though that may be a stretch.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Pandit." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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