Read more Philip Purcell stories on Newserhttp://www.newser.com/taggrid/18659/philip-purcell.htmlhttp://img1-cdn.newser.com/images/newser-black250x40.gifhttp://www.newser.com/2012 - Newseren-usNewser Feed GeneratorThu, 24 May 2012 04:50:27 CDThttp://www.newser.com/story/13853/struggling-citi-names-pandit-ceo.htmlNick McMaster<img src='http://img1-cdn.newser.com/getimage.aspx?mediaid=54152&width=45&height=45&crop=Y&updateddate=20110401024649' border='0' />Citigroup today named Vikram Pandit its new CEO. The current head of private-equity and hedge-fund investments will be charged with leading the bank's recovery from staggering losses in the subprime collapse and a 38% drop in its share price this year. The ex-Morgan Stanley president joined Citigroup in April; he...Citigroup Inc. provided this photo Vikram Pandit. The banking company named Pandit, the head of its investment banking business, as its chief executive officer Tuesday, charging him with restoring the bank's profitability and reputation after missteps in lending and investing left Citi with billions of dollars in losses this year. (AP Photo/Citigroup)http://www.newser.com/story/13853/struggling-citi-names-pandit-ceo.htmlTue, 11 Dec 2007 14:19:08 CST