'I Know There Were a Lot of One-Time Charges to Explain, Vik, B...

Breaking News This Morning ...

Well, That Was Abrupt. The day after a generally positive earnings report (more on that below) CEO Vikram Pandit says he's "concluded that now is the right time for someone else to take the helm at Citigroup." That someone else is long-time company veteran Michael Corbat, who most recently oversaw the Europe, Middle East and Africa business and before that Citi Holdings, the company's garage sale of noncore assets. President and...