- Citigroup Inc chief executive Vikram Pandit resigned overnight, after what Reuters described as months of "simmering tension" with the bank's board. He will leave the bank immediately. According to a statement, Michael Corbat, the bank's chief executive for Europe, Middle East and Africa will succeed Pandit as CEO.
- Royal Bank of Scotland may be close to selling a book of A$350 million in reverse mortgages, the Australian Financial Review reports. According to the report,...
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