Corbat races to steady ship after Pandit exit

18 Oct 2012

Citi’s new chief executive, Mike Corbat, pledged this week to maintain the bank’s strategy even as he announced that he was embarking on a review of each division of its global empire after the shock departure of Vikram Pandit.

Corbat, who was promoted to the top job on Tuesday after 30 years at the firm, told staff that he would have a new permanent management team and reporting structure in place by "very, very early in the New Year". He added that he would be immersing himself ...

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