Seeking Alpha

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

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."
Comments (1)
  • moximus
    , contributor
    Comment (1) | Send Message
     
    It is time Vikram was replaced. Citi needs a fresh look and a new agressive leader.
    31 May 2011, 06:38 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|