Michael O'Neill

(Newser) - Vikram Pandit's sudden Citigroup exit this morning came following "a clash" with the bank's board over "strategy and operating performance," the Wall Street Journal reports, based on an anonymous source. The departure blindsided Citi employees, many of whom found out via media reports. "There'...

(Newser) - Citigroup CEO Vikram Pandit is leaving his post effective immediately, to be replaced by the bank's Europe, Middle East, and Africa head, Michael Corbat, Reuters reports. Chief operating officer John Havens is also stepping down, notes the AP . "Now is the right time for someone else to take...