If a $2.5 billion loss is progress (even if it’s half the $5.1b loss of Q1), then our greedy desi butcher and Citigroup CEO Vikram Pandit uses a different dictionary from the rest of us. This morning struggling financial services giant Citigroup announced a loss of $2.5 billion for its second quarter ended June 30, […]
What a shame. Desi butcher and Citigroup CEO Vikram Pandit, who’s been butchering Citi jobs even while feeding like a greedy pig at the trough, has to suffer the ignominy of seeing his hedge fund Old Lane shut down following a mediocre performance. Vikram Pandit Here’s what the Wall Street Journal (subscription required) reports on […]
Sanjaya Malakar, an interesting former contestant on American Idol will feature in a new ad for insurance and financial services company Nationwide. Sanjaya will be the next star in the Life Comes at You Fast campaign, which has previously included Kevin Federline, Fabio and MC Hammer. In the Nationwide ad, Sanjaya visits a monastery in […]
Providence Equity Partners is investing $640 million in Indian wireless communications company Aditya Birla Telecom. Providence’s investment, which is one of the largest private equity investments in India, will be used to fund the network rollout and ongoing operations of Aditya Birla Telecom. Aditya Birla Telecom owns the telecom UAS license for the Bihar service […]
Desi Butcher Vikram Pandit, Citigroup CEO, is throwing 9,000 employees on the streets on top of the 4,200 jobs the embattled bank has already cut recently. As usual, the new round of job cuts are also attributed to expense management. And did we tell you that Vikram Pandit, like the proverbial pig at the trough, took […]
The Desi Butcher Vikram Pandit-led financial mess Citigroup reported a hefty loss of $5.1 billion on revenues of $13.2 billion in its first quarter ended March 31 and will throw another 9,000 employees on the streets. On a conference call with analysts, Citigroup CEO Vikram Pandit acknowledged: To start with, we’re not happy with our […]