Never Send a Shy Technocrat to Do a Low-Profile Leader's Job

Breaking News This Morning ...

Earnings: Bank of America, Bank of New York Mellon, Comerica, US Bancorp, First Republic, M&T Receiving Wide Coverage ...

Citi's Shakeup — The "Why": The surprise resignation of Citigroup CEO Vikram Pandit "was the culmination of months of growing board disenchantment," says the Journal. Citi's failing the most recent stress tests, shareholders' thumbs-down in the last say on pay vote, and the stock's overall poor performance during his five-year tenure fueled the frustrations....