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PHILIP PURCELL
ET Awards pick Vikram Pandit as Global IndianCitigroup, which needed a government bailout to survive, is out of the woods now, thanks to Pandit's tough decision to cut costs and jobs.
05 Oct, 2011, 02.27 PM IST
- Vikram Pandit's payouts climb towards $200 million
Pandit, who took $1 salary after his bank got most taxpayer assistance, will collect $80 mn from payments & awards that may eventually exce...
02 Jul, 2011, 07.20 AM IST
- No succession plan at Wall Street firms
In the past four years, disorganized transitions cracked the foundations under some of the world’s biggest financial institutions, includin...
28 Jan, 2010, 03.21 AM IST
- 12 Wall Street executives took home over $1 bn in 5 years
A report listed out Citi's Vikram Pandit, JP Morgan's James L Dimon and Goldman's Lloyd C Blankfein, among others with fat pay packets. Qui...
07 Oct, 2008, 09.42 PM IST
- Liquidity is no defense when banks turn cannibal
US and UK regulators are wasting their time threatening traders who profit from speculation about the deteriorating health of the financial...
04 Apr, 2008, 12.50 AM IST
- Morgan Stanley co-president Zoe Cruz will leave
Morgan Stanley has said that co-President Zoe Cruz, one of the most powerful women on Wall Street, will leave in the latest investment bank...
30 Nov, 2007, 08.07 AM IST
- Citi seals deal to buy Old Lane
According to reports, Citigroup could pay more than $800m for the deal
14 Apr, 2007, 12.10 AM IST
- Citi looks to rope in Vikram Pandit, may acquire his fund
Citigroup is in talks to buy Old Lane, a hedge fund firm co-founded by Vikram Pandit, in a move that could put the former Morgan Stanley ex...
10 Apr, 2007, 02.53 AM IST
- Citigroup may buy Old Lane hedge fund firm
Old Lane is thought to have more than $4 billion of assets under management, the newspaper said.
09 Apr, 2007, 06.00 PM IST