Citi’s Vikram Pandit gets a $22.5 million pay package
May 19th, 2011 - 10:27 am ICT by IANS
Washington, May 19 (IANS) After working for years for a token annual salary of $1, Citigroup's Indian American CEO, Vikram Pandit has received a $22.5 million retention package that's partly ... Read more...
Posted in Uncategorized |
Wall Street rebounds, boosted by banking giants
January 17th, 2009 - 12:27 am ICT by IANS
New York, Jan 16 (Xinhua) Wall Street perked up Friday, as upbeat news from Bank of America and Citigroup boosted market sentiment. Concerns about the health of the banking system were eased, ... Read more...
Posted in World |
Pandit’s Citi splitting into two after $8.3 billion loss
January 17th, 2009 - 12:07 am ICT by IANS
Washington, Jan 16 (IANS) Citigroup revealed plans to split up into two businesses, effectively bringing an end to the company's "financial supermarket" model, after reporting a much bigger-than-expected $8.3 billion quarterly loss ... Read more...
Posted in Business |
Singapore investors fear recession to spread
April 21st, 2008 - 2:47 pm ICT by admin
DPA
Singapore, April 21 (DPA) The spread of the financial contagion beyond the United States has increased the likelihood of a global financial crisis and recession, an investment expert said Monday. "We could ... Read more...
Posted in Business |