The Month in Review

CITI CHIEF QUITS

Citigroup chief executive officer and chairman Charles Prince stepped down after the bank warned that it could write down as much as $11 billion on subprime mortgage-related investments for the fourth quarter on top of the $6.5 billion written down for the third.

Former US Treasury Secretary Robert Rubin takes over as chairman of the board and Win Bischoff, chairman of Citigroup in Europe, becomes interim CEO. Citigroup also appointed Jorge Bermudez as chief risk officer. Bermudez

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: