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Rubin Named Chairman of Citigroup

Prince out; company to report $8-11B more in writedowns

By Neal Colgrass, Newser Staff

Posted Nov 4, 2007 6:00 PM CST

(Newser) – Citigroup CEO and Chairman Charles Prince resigned today, clearing the way for former US Treasury Secretary Robert Rubin to be named chairman, the Wall Street Journal reports. Sir Win Bischoff was named interim chief executive. Citigroup also plans to report $8-$11 billion in mortgage-related writedowns,... Read full story »

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Wall Street • Citigroup • SEC • credit crisis • Charles Prince • Robert Rubin • subprime crisis

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Rubin Named Chairman of Citigroup

Prince out; company to report $8-11B more in writedowns

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Wall Street • Citigroup • SEC • credit crisis • Charles Prince • Robert Rubin • subprime crisis

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Prince to Resign From Citigroup

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