Citigroup Teeters on the Brink
The situation at Citigroup turns bleaker by the minute. Shares have fallen below $4, the bank's CEO, Vikram Pandit, is busy reassuring employees that the bank will not be broken into pieces, and there have even been rumors that Pandit himself may be forced out. One sign that doesn't bode well for Pandit: The financial press has stopped spelling his name correctly. [Bloomberg, Dealbreaker]