Vikram Pandit

  • One in 10 corporate leader jumping to start-up wagon 26-05-2013 12:10 PM

    New Delhi: An average of one in every ten top level corporate executive is opting for start-up ventures to satisfy their urge to take up challenging roles, a new survey has found. However, the success rate of an executive working with an established traditional business moving to a start-up venture...
  • Citigroup ex-chief Vikram Pandit buys stake in JM Financial 16-05-2013 09:05 PM

    Mumbai: JM Financial Ltd has said that former Citi Chief Executive Vikram Pandit and his business partner, Hari Aiyer are to buy a 3 per cent equity stake in the financial services company through an issue of warrants. JM Financial also said it would set up a fund jointly with...
  • Citigroup to pay Pandit more than $ 15 million 10-11-2012 08:27 AM

    New York: Citigroup said it will pay $15.5 million to Vikram Pandit, its former chief executive who resigned from company last month, as well as to his top deputy. The bank said on Friday the payments to Pandit and former Chief Operating Officer John Havens reflect the progress the bank...
  • After Vikram Pandit, Citigroup is 'going to get a lot smaller' 17-10-2012 11:50 PM

    New York: The incredible shrinking bank may have to shrink more. In the hours after surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank. Pandit left after a series of embarrassments and missteps that...
  • Vikram Pandit steps down as CEO of Citigroup 16-10-2012 06:03 PM

    New York: Citigroup Inc Chief Executive Vikram Pandit resigned abruptly on Tuesday, effective immediately, a shock change at the top of the No 3 US bank just one day after a surprisingly strong quarterly earnings report. Analysts and investors quickly raised red flags about the timing, saying it did not...
  • Citigroup's Vikram Pandit sued over excessive pay 21-04-2012 10:20 AM

    Washington: Citigroup's Indian American CEO Vikram Pandit and its directors have been sued by a bank shareholder over a compensation package that was contested by investors in a rare failed "say-on-pay" vote. A lawsuit filed in Manhattan on Friday by shareholder Stanley Moskal says Pandit and directors breached their fiduciary...
  • Citi CEO Vikram Pandit's pay soars to $14.9 mn 09-03-2012 09:16 AM

    New York: Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest US bank company paid Pandit $14.86 million in 2011, compared with a salary of $1 and no bonus in 2010, according to a filing with the Securities and Exchange Committee. The 2011 payout included salary of...
  • 'Citigroup to axe 4,500 jobs in coming months' 07-12-2011 12:35 PM

    New York: Citigroup Chief Executive Vikram Pandit has announced 4,500 jobs cuts worldwide in the coming months as the US financial major seeks to trim costs in a bleak global economic environment. The job cuts will begin this quarter and be completed "over the next few quarters" across a range...
  • Vikram Pandit's Citigroup reports $ 3.8 bn profit 18-10-2011 10:38 AM

    Washington: As Citigroup announced a better-than-expected third-quarter profit of $ 3.8 billion, its Indian-American chief Executive Vikram Pandit emphasised the banking giant's position in emerging markets as a big growth driver. Though the gains largely came from credit value adjustment (CVA) that allows the bank to book gains from increases...
  • Citigroup gives $ 16 mn retention award to CEO 19-05-2011 09:49 AM

    Boston: Citigroup on Thursday said it has rewarded CEO Vikram Pandit with an over 16 million dollar 'retention award' for his 'outstanding job' of steering the financial giant to profitability and executing a strategy for sustainable growth. Pandit has been taking home a token one dollar salary from Citigroup since...
  • Citi's Vikram Pandit applauds the India story 04-03-2011 11:50 PM

    New Delhi: Citigroup CEO Vikram Pandit, on his maiden visit to India since he took over the beleaguered global financial giant in 2007, says the country's institutions are strong enough to deal with any challenge. His visit comes at a time when Citi is pushing forward with its back-to-basics strategy...
  • Citi CEO Pandit's salary soars to $ 1.75 mn 22-01-2011 08:48 AM

    New York: Citigroup Inc Chief Executive Vikram Pandit got a $1,749,999 raise on Friday. Pandit pledged in 2009 to receive an annual salary of $1 until the struggling Citigroup returned to sustained profitability. On Friday afternoon, three days after the bank reported its first full year-profit since 2007, the board...
  • Citibank petitioner speaks to CNN-IBN 05-01-2011 11:27 PM

    Sanjeev Aggarwal speaks to Rajdeep Sardesai about the multi-crore Citibank fraud case. ...
  • Citi fraud: Victim says bank must compensate 05-01-2011 06:00 PM

    New Delhi: The first complainant in the Rs 300 crore Citibank fraud, has described it as a systemic failure and has alleged the fraud is not just a bank issue, and multiple parties might be involved. Sanjeev aggarwal, MD, Helion Advisors says, "I came to know about this a month...
  • RBI starts investigating the Citibank scam 05-01-2011 04:11 PM

    New Delhi: The Reserve Bank is investigating the Rs 300 crore fraud in Citibank's Gurgaon branch, which saw diversion of depositors funds in stock markets. "RBI is investing the matter (Citi Bank fraud)," a key Reserve Bank source said. The fraud at the Citibank's Gurgaon branch, involving diversion of depositors...
  • Fraud: FIR against Citi CEO Vikram Pandit 04-01-2011 06:58 PM

    Gurgaon: The Gurgaon police on Tuesday registered an FIR Citibank CEO Vikram Pandit and 10 other top officials in the Rs 300-crore Citibank fraud case. The fraud at the bank's Gurgaon branch, involving diversion of depositors money into the stock market, was uncovered last week. Besides Pandit, the FIR filed...
  • Citigroup FQ loss smaller than expected 18-04-2009 01:10 AM

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