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......

Citigroup cutting 11,000 jobs, taking $1 bln in charges

Citigroup Inc said it is cutting 11,000 jobs worldwide, delivering the first of what investors expect to be a new series of steps to shrink the bank down to a more manageable and profitable......