Citigroup Inc. CEO, Vikram Pandit says hits bank has made a turnaround since its last dilemma. Citigroup Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. trades on the “New York Stock Exchange” under the stock symbol “C”…. For the Latest information regarding Citigroup Inc. (NYSE:C) make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Facing sharp questions from bailout overseers, Citigroup Inc. CEO Vikram Pandit said Thursday the bank is "fundamentally different" than the tangled behemoth that took more than $45 billion in government aid during the recent financial crisis.
"I am pleased to say we are in a far different and much healthier position," Pandit said in testimony before the Congressional Oversight Panel. The independent watchdog group oversees the $700 billion financial bailout.
He said taxpayers will likely end up with a profit on the entire set of Citi rescues. Among them: a $20 billion infusion that has been repaid, and $25 billion that was converted into common stock and has since gained value
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