Posts Tagged ‘vikram pandit’

Hey Citigroup – What Ever Happened to That Profit?

Friday, April 17, 2009 15:17 1 Comment

It was only a month ago when Citigroup CEO Vikram Pandit assured the public that his troubled bank was “Profitable” for the first 2 months of 2009. The news sparked an immediate rally which lifted the oversold stock market from its March lows. We, at Charting Stocks, did not share in the new found optimism [...]

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Fool Me Twice: Citigroup CEO Shouldn’t be Trusted

Tuesday, March 10, 2009 11:31 12 Comments

The markets jumped early in the trading day in a move  led by a “Leaked” memo by Nationalized Citigroup CEO Vikram Pandit which was sent to employees stating that the troubled bank was profitable in the first 2 months of 2009. He went on to describe their capital position as “Strong.”
The market, which was extremely [...]

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