FDIC Discussing Vikram Pandit’s Successor

Is Vikram Pandit’s future in question? The scenario seems highly probable. According to FT- senior officials at the FDIC have privately discussed who might replace Citigroup’s chief executive if the bank needed more government aid.

From FT: “It is unthinkable that Vikram could stay on if Citi requires more federal funds,” said a person familiar with the matter. “It is prudent to be thinking about different scenarios.”

People close to the situation said FDIC officials had discussed successors to Mr Pandit…

Mr Pandit became chief executive in December 2007. Possible replacement, notes FT – include Ned Kelly, finance chief, Gary Crittenden, his predecessor and chairman of the division containing Citi’s non-core assets, and one of Citi’s new board members.

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