Read more Vikram Pandit stories on Newserhttp://www.newser.com/taggrid/18658/vikram-pandit.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 11:21:58 CSThttp://www.newser.com/story/57103/banks-get-stress-test-grades.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe nation's biggest banks will start to learn how they did on the dreaded stress test today, reports the New York Times. Though the public won’t learn the results until May 4, analysts are predicting that many of the 19 banks will have to raise large amounts of new capital...http://www.newser.com/story/57103/banks-get-stress-test-grades.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 24 Apr 2009 8:40:50 CDThttp://www.newser.com/story/56446/citi-swings-to-surprise-16b-profit-1st-in-18-months.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup posted its first profitable quarter in 18 months today, thanks in no small part to $45 billion in bailout funds and changes to accounting rules, Bloomberg reports. The company posted a $1.6 billion profit, up from a $5.1 billion loss last year. The company reported a loss...http://www.newser.com/story/56446/citi-swings-to-surprise-16b-profit-1st-in-18-months.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 17 Apr 2009 6:45:13 CDThttp://www.newser.com/story/54846/obamas-auto-crackdown-worries-bailed-out-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAfter the Obama administration kicked out GM’s boss and said two of the Big Three automakers may benefit from bankruptcy, CEOs of banks bailed out by the government are wondering if there's a bull's-eye on their backs, the Washington Post reports. The risk of such a crackdown has been “heightened,...http://www.newser.com/story/54846/obamas-auto-crackdown-worries-bailed-out-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 31 Mar 2009 8:12:40 CDThttp://www.newser.com/story/51939/us-to-take-36-stake-in-citi.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup and the federal government have reached a deal to boost the US stake in the bank to up to 40%, the parties announced this morning. The deal gives shareholders more protection, but in return, agrees to a Treasury Department demand for an overhaul of the embattled bank's board of...http://www.newser.com/story/51939/us-to-take-36-stake-in-citi.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 27 Feb 2009 6:57:22 CSThttp://www.newser.com/story/51716/citi-struggles-under-fed-oversight-about-to-get-more.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCitigroup is in talks with Washington about a restructured deal that would see the US convert its 7.8% stake of preferred shares into up to 40% of common stock. The deal would provide Citi with desperately needed capital, but would place the bank under further control of the federal...http://www.newser.com/story/51716/citi-struggles-under-fed-oversight-about-to-get-more.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 25 Feb 2009 7:45:34 CSThttp://www.newser.com/story/50539/bank-execs-to-congress-we-are-lending.html?utm_source=syn&utm_medium=rss&utm_campaign=tag“We’re lending,” bank executives told Congress this morning, as CEOs including Jamie Dimon, Ken Lewis, and Vikram Pandit testified before the House Financial Services Committee. They also defended the outrage-inducing (but, they stressed, much reduced) bonuses they handed out, according to their prepared testimony. “Our employees worked harder than ever,...http://www.newser.com/story/50539/bank-execs-to-congress-we-are-lending.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 11 Feb 2009 9:35:17 CSThttp://www.newser.com/story/50487/humbled-bank-ceos-will-deny-blowing-bailout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBank bosses being grilled by Congress today will defend their use of bailout cash, according to prepared testimony obtained by Reuters. Chief executives from the eight biggest US banks arrive in Washington this morning—by public transportation instead of private jet this time—and are expected to strike a note...http://www.newser.com/story/50487/humbled-bank-ceos-will-deny-blowing-bailout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 11 Feb 2009 2:12:19 CSThttp://www.newser.com/story/48971/wary-of-image-financial-a-listers-ditch-glitzy-davos.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe swanky Davos economic summit was once a top destination for financial and economic power players, but many are skipping the glitz this year for fear of sending the wrong message in a tanking economic climate, Reuters reports. Treasury secretary-designate Timothy Geithner is sitting out the resort event, as are...http://www.newser.com/story/48971/wary-of-image-financial-a-listers-ditch-glitzy-davos.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 26 Jan 2009 8:01:44 CSThttp://www.newser.com/story/47882/citi-to-shrink-by-a-third-back-to-pre-merger-size.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSay goodbye to the Citigroup empire. When the company releases its earnings next week, it'll also unveil a drastic plan to slice away businesses until it’s roughly two-thirds of its current size, the Wall Street Journal reports, and looks much like Citicorp did before the merger that created Citigroup. After...http://www.newser.com/story/47882/citi-to-shrink-by-a-third-back-to-pre-merger-size.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 14 Jan 2009 8:16:00 CST