Citigroup CEO Vikram Pandit resigns

Oct 16, 2012 |

New York

US banking giant Citigroup announced Tuesday that its chief executive, Vikram Pandit, had resigned his post and the board of directors.

The unexpected announcement came a day after Citigroup published its third-quarter earnings. The board unanimously elected Michael Corbat, manager of the bank’s business in Europe, the Middle East and Africa, to succeed Pandit.

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