Latest Vikram Pandit Stories

2011-04-26 08:47:00

NEW YORK, April 26, 2011 /PRNewswire/ -- Tech pioneer and philanthropist Naveen Jain was awarded the prestigious Light of India Business Leadership Award for his visionary entrepreneurship, The Times Group announced today. "NRIs have always been one of the reasons for which India has been shining," says Avijit Nanda, President of TimesofMoney. "Having catered to this community with our Remit2India service, it is only logical for us to create a platform to recognize these shining lights,...

2011-03-24 10:57:00

Event Will Benefit Parent Company Of New York Public Broadcasters THIRTEEN and WLIW21 WNET Life Trustee Ralph M. Baruch To Receive The WNET Distinguished Service Award Tony Award-Winner Brian Stokes Mitchell To Perform NEW YORK, March 24, 2011 -- WNET New York Public Media, parent company of public broadcasters THIRTEEN and WLIW21, announced today it will honor Citigroup CEO Vikram Pandit at its 18th annual Gala Salute in recognition of his invaluable support and commitment to the...

2009-07-10 09:09:34

U.S. regulators are taking a closer look at management positions at troubled Citigroup, a source close the discussions said. Citigroup, which fared poorly in the Treasury Department's stress tests this spring, has made three major shifts among top leadership in the past year, The New York Times reported Friday. In the most recent switch, Chief Accounting Officer Edward Kelly submitted his resignation shortly before the July 4th weekend. Kelly's resignation, however, was unacceptable to Chief...

2009-02-27 07:15:00

U.S. officials and Citigroup Inc. have agreed on a plan for the government to take a 30 percent to 40 percent stake in the company. The U.S. Treasury announced Friday that the deal doesn't require additional government funds but requires Citigroup to match a conversion of preferred securities to common equity dollar for dollar with other preferred stockholders. Citigroup also informed the Treasury it would shake up its board of directors, finding new independent directors as soon as feasible,...

2009-02-26 23:58:57

U.S. officials and Citigroup Inc. have agreed on a plan for the government to take a 30 percent to 40 percent stake in the company, The New York Times said. Citing sources close to the deal, the newspaper reported Friday that the deal -- part of a third U.S. bailout of the troubled financial giant -- calls for Chief Executive Officer Vikram S. Pandit to remain but requires significant changes in the Citigroup board. The agreement calls for the Department of the Treasury to convert some of its...

2009-01-30 15:19:34

Bank advertisements boasting of their accomplishments helping homeowners have provoked a negative response from at least one U.S. consumer advocate group. The ads are grating because, one because they're not doing a great job and two because they don't have the money, said Ira Rheingold, executive director of the National Association of Consumer Advocates, ABC News reported Friday. JPMorgan Chase, a recipient of $25 billion in bailout funds, has placed a full-page ad in the New York Times...

2009-01-21 17:18:27

Struggling U.S. financial firm Citigroup Inc. has named former Time Warner chairman Richard Parsons to serve as its next chairman. Parsons will replace chairman Winfried Bischoff on Feb. 23, The New York Times reported Wednesday. Dick will surely play an integral role in helping us place Citi back on the right track and returning the company to a position of sustainable financial success, Chief Executive Officer Vikram Pandit said a statement. With several Citigroup board members expected to...

2009-01-16 08:11:47

Two U.S. banking giants are clawing their way out of trouble after fourth quarter reports showed continued strain in the financial sector. The U.S. government said it would provide up to $138 billion to Bank of America, $20 billion in a new capital infusion to help it acquire Merrill Lynch, which posted losses of $15.31 billion, The Wall Street Journal reported Friday. The remaining $118 billion will be used to back troubled bank assets. Citigroup, also reeling, said it would split itself...

Word of the Day
  • A goblin in English folklore, often appearing in the shape of a large dog and believed to portend imminent death or misfortune.
  • A ghost, wraith, hobgoblin, elf, or spirit.
The origin of 'barghest' is not known, but it may be from perhaps burh-ghest, town-ghost, or German Berg-geist (mountain spirit) or Bär-geist (bear-spirit).