The Washington Independent

Posts Tagged Vikram Pandit

Citigroup Posts $4.4 Billion Profit

By | 04.19.10 | 9:10 am

It’s earnings week on Wall Street, and analysts had estimated that megabank Citigroup would break even in the first quarter. This morning, it announced a $4.4 billion profit — meaning the bank made around $49 million a day in the first three months of the year. Sure, markets More…

Citigroup Says No to Bonuses; Pigs Fly on Wall Street

By | 01.01.09 | 12:40 pm

Wait, what’s this? Citigroup’s top executives are giving up their annual bonuses this year, according to the Financial Times. CEO Vikram Pandit and senior advisor and director Robert Rubin are among those foregoing the usual end of the year cash awards.