The problems faced by Citigroup are described in this BBC article and this one.
Read both articles and answer the following questions
1) As a result of the financial crisis,
a) What are Citigroup’s losses this year?
b) How many workers will lose their jobs at Citigroup?
c) How much has been given to Citigroup by the US Government to ‘bail-out’ the business?
d) How much has Citigroups share price fallen
2) What has Citigroup done to try and restore the bank to profitability?
3) Vikram Pandit was appointed CEO of Citigroup in January 2008. What factors are mentioned on the article(s) for AND against the choice of Mr Pandit for this top job?
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