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Michael Corbat selected to lead Citigroup

Oct 17, 2012
Yesterday, Vikram Pandit, the head of Citigroup, suddenly resigned saying it was time for new leadership. Pandit has been replaced by Michael Corbat, who was previously leading the bank's Europe, Middle East and Africa division.

Citigroup names new CEO in abrupt switch

Oct 16, 2012
A sudden change of leadership at Citigroup raises new questions about the future of the embattled banking giant.