Citi will go "back to the basics of banking," Pandit says

01/26/2012 | Bloomberg · CNBC

Citigroup CEO Vikram Pandit said the bank will go "back to the basics of banking" and practice "responsible finance." "It's important for the financial system to acknowledge there's a great deal of anger directed at it," Pandit said. The financial system must "balance safety and soundness but also address the need for growth. Trust has been broken. Banks have to serve clients, not serve themselves."

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Bloomberg · CNBC