Today Citigroup announced that $5.9 billion in credit-related write-offs, losses, and extra costs will cut deep into third quarter profits.
The warning reinvirograted speculation about whether CEO Charles Prince would hold on to his job. Today also marked Prince’s 4th year at the helm at Citigroup. The royal one has been under intense pressure as of late to get profits up at the banking giant.
“This to me seems to be the tipping point for a change in CEO at
| 7 Responses to “Charles Prince Of Citigroup Could Be On The Way Out.” | |
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