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Michael Corbat

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New Citigroup chief Corbat to take home $1.5mn base pay

Michael Corbat, the new chief and successor of Vikram Pandit at Citigroup, will take a home an annual base salary of $1.5 million besides regular incentives and other benefits. However, Corbat's......

Who will buy Citi's consumer business?

The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay. Photograph: Mike......

WEF creates task force with Rajan to study global financial system

The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.  The World Economic Forum (WEF) has......

Why Vikram Pandit was forced to quit Citigroup

On Tuesday, Vikram Pandit, 55, now former CEO of banking behemoth Citigroup who had steered the bank out of a financial catastrophe, found himself out of job.   According to some news......

Vikram Pandit steps down as Citigroup CEO

Citigroup on Tuesday announced that Vikram Pandit has stepped down as the company's chief executive officer and as a member of the Board, with immediate effect. Pandit will be replaced by Michael......

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