Shocker at Citigroup as CEO Vikram Pandit Abruptly Resigns

By Jeff Macke | Breakout – 2 hours 36 minutes ago

In a stunning move Citigroup (C) announced this morning that CEO Vikram Pandit and COO John Havens were resigning effective immediately. The departures come just one day after the big bank reported what was generally regarded as a strong quarter, sending the stock higher by 5% in Monday trading. Pandit also stepped down from Citi's Board of Directors. read more

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