News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Vikram Pandit's letter to Citigroup shareholders

The US bank's chief executive calls a comeback after reaching a 'turning point' in 2010

Vikram calls it a comeback.

In his annual letter to shareholders, Citigroup chief executive Vikram Pandit said 2010 was a "turning point" for the giant bank, which required unprecedented government help to stay alive during the financial crisis. Then last year, the government was able to exit its stake in Citigroup, at a profit to taxpayers, and the bank posted a $10.6bn profit.

WSJ Logo