Pandit says Citigroup on the right track
Citigroup CEO Vikram Pandit said he was confident Citigroup was on the right track to return to growth. The bank is concentrating on its global banking activities and spinning off noncore activities. Mr. Pandit said Citigroup had cut expenses, improved risk management and brought together a first-rate management team. "Our distinctiveness is we connect the world better than anyone else," Mr. Pandit explained. "We have a great capability of building a business around that. And we are in the process of building a culture around that."
New York Times, The | 10/31
This story published in The Financial Services Roundtable SmartBrief on 11/02/2009
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