Citigroup (C) has lost its dominance in debt underwriting, and CEO Vikram Pandit doesn't seem...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) has lost its dominance in debt underwriting, and CEO Vikram Pandit doesn't seem willing to fight to regain it, Bloomberg reports. Citi has dropped to fourth place this year, and in Q1 posted only about half the debt underwriting revenue of the new leader, JPMorgan Chase (JPM). As Citi has lost key personnel, Pandit has "abandoned notions of retaking the top spot."