Vikram Pandit and his Citi get good marksOctober 8th, 2009 WASHINGTON - An outside review of Citigroup Inc.'s management team has concluded that it is generally in good shape and awarded strong overall marks in particular to the banking giant's Indian American CEO Vikram Pandit, according to a media report. The review, conducted this summer for Citigroup's board by recruiting and consulting firm Egon Zehnder International, however suggested that some shuffling of senior executives might be needed, the Wall Street Journal reported Wednesday citing people familiar with the matter.
Outside consulting firm gives Citigroup management overall good review, WSJ saysOctober 7th, 2009 Firm gives Citi execs good marks, report saysNEW YORK — An independent consulting firm has given Citigroup Inc.'s management team a good review, but the embattled bank could see more changes among its top ranks, The Wall Street Journal reported Wednesday. Requested by the U.S.
Providence Equity Partners names Citigroup Chairman Parsons as a senior adviserSeptember 16th, 2009 Providence Equity names Parsons as senior adviserPROVIDENCE, R.I. — Providence Equity Partners Inc., owner of video Web site Hulu and Spanish-language television network Univision, said Wednesday that Citigroup Chairman Richard Parsons will serve as a senior adviser.
Report: Citigroup plans share offering, wants Treasury to sell part of stakeSeptember 14th, 2009 Report: Citigroup plans to pare US stakeNEW YORK — Citigroup Inc. is reportedly considering a plan in which the Treasury Department would sell part of its holdings in the bank, while the bank would issue new shares to the public as part of a multibillion-dollar stock offering.
New KBR group to oversee its activities in the government, defense and infrastructure marketsAugust 21st, 2009 KBR forms new business unitHOUSTON — KBR Inc. formed a new business group to serve customers in North America, the Middle East, United Kingdom and Australia.
Citigroup shares rise nearly 8 percent; gains in financials help push broader market higherAugust 13th, 2009 Citigroup shares gain nearly 8 percentNEW YORK — Shares of Citigroup Inc. rose nearly 8 percent Wednesday, outpacing gains among other financial stocks, amid a brighter outlook on the economy from the Federal Reserve.
White House says Obama will attend Asia-Pacific leaders' summit in Singapore Nov. 14-15August 13th, 2009 Obama to attend APEC conference in SingaporeWASHINGTON — President Barack Obama will attend a meeting of Asian and Pacific leaders in Singapore in November. White House spokesman Robert Gibbs announced the trip Thursday.
Citigroup working with external firm for management review, says FTAugust 13th, 2009 FT: Gov't pressuring Citi management reviewA report Thursday said federal officials are pressuring Citigroup Inc. to hire external consultants who will evaluate whether the bank's current management is capable of leading it out of financial crisis.
Senior editor Malcolm Foster appointed as Associated Press bureau chief in TokyoJuly 27th, 2009 New AP bureau chief appointed in TokyoNEW YORK — Malcolm Foster, The Associated Press business editor for the Asia-Pacific region, was named Monday to be bureau chief in Tokyo. Foster will lead the AP staff in Tokyo to produce insightful coverage of Japan as its corporate giants and society grapple with the worldwide economic crisis, the effects of an aging population and its struggle to find a new role in Asia in the face of an increasingly powerful China and worries about a nuclear-armed North Korea.
GM cleans house at overseas operations, names dozens of new execs as shake-up spreads abroadJuly 24th, 2009 GM names dozens of new execs to overseas postsNEW YORK — General Motors Co. is installing more than a dozen new executives to its international operations, as the automaker's sweeping shake-up of top management spreads overseas.
GM cleans house overseas, naming more than a dozen new executives as shake-up spreads abroadJuly 24th, 2009 GM names array of new execs to overseas postsNEW YORK — General Motors Co. named more than a dozen new executives to top international posts on Thursday, as the automaker's sweeping shake-up of top management spreads to its sprawling operations overseas.
Shirish Apte named Citi CEO for Asia-PacificJuly 7th, 2009 WASHINGTON - Citibank has named a three-person team to replace Ajay Banga, who held the title of Asia-Pacific CEO and left the firm June 19 to become president and CEO of MasterCard. Shirish Apte,56, and Stephen Bird, 42 have been made CEOs for Asia-Pacific, while Shengman Zhang has been named chairman of the firm in the region, effective immediately, Indian American Vikram Pandit led bank announced Monday.
Siemens names Michael Reitermann head of US operations, replacing Heinrich KolemJune 29th, 2009 Siemens names new US operations leaderNEW YORK — Industrial conglomerate Siemens AG said Monday Michael Reitermann will lead the company's U.S. organization.
Sumitomo Mitsui to buy Citigroup's Japan brokerage unitMay 1st, 2009 Sumitomo Mitsui, Citigroup reach deal on brokerageTOKYO — Sumitomo Mitsui is taking over Citigroup's Japan brokerage businesses, both sides said Friday, as part of a bigger plan to restructure the struggling U.S. bank. Sumitomo Mitsui Financial Group Inc.
Citigroup posts losses, lower than expected, in Q1April 17th, 2009 NEW YORK - US banking giant Citigroup reported Friday it lost $966 million in the first quarter of 2009, better than analysts' projections. Citigroup had lost $5.1 billion in the first quarter of 2008.
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