Banks
Updated from 3:02 p.m. EST Freshly-minted CitigroupC CEO Vikram Pandit may have the toughest task ahead of him as he tries to right Citi's beleaguered ship: breaking up the bank. The new chief suggested that his first act may be restructuring the behemoth organization to a more manageable level, after ousted CEO Charles Prince saw Citi run into massive losses on esoteric mortgage-backed securities. "I will undertake an objective and dispassionate review of all the businesses individually and in aggregate," Pandit said Tuesday evening, during his first analyst call after being named CEO. "The goal is to drive profitability, which in turn drives shareholder returns." Pandit did not provide a timetable for his review or identify which areas specifically he would be reviewing. "It's two hours into this. Give me some time," he commented, responding to an analyst's question. Pandit's mandate will be threefold. It will include making Citi productive, positioning the financial institution for the future and focusing on its culture -- a culture many have said has been lacking at the 300,000-strong organization. Pandit was named CEO after a month-long search. Win Bischoff, who had been acting CEO, will take over as chairman.
Companies making headlines today include Toll Bros. and Citigroup
The struggling financial giant might opt for a co-CEO arrangement, says Mark DeCambre. Plus, MBIA and UBS join the cash-infusion parade.
Companies making headlines today include SanDisk and Citigroup
The front-runner is Citi's own Vikram Pandit, according to The Wall Street Journal.
Apple and AT&T were among the most searched stocks on TheStreet.com Friday. Here's what Cramer had to say about them recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Looking for deep value with Defiance Asset Management, polling big investors about where the market's headed, plus much more.
See who made what calls.
3 Stocks I Saw On TVDan Fitzpatrick examines three stocks viewed on Fast Money and Mad Money Today's stocks include Deere & Co., Petrobras and MBIA
TheStreet.com Ratings checks in on First Community Bancorp and First Niagara Financial Group two months after recommending the stock.
Take-Two's latest hit receives a perfect score from industry reviewers.
- Top Rocket Stocks for Week: Walter
- Cramer on Top Searched Stocks: Citi
- Credit vs. Debit Cards: Weighing the Options
- Power Stock Rankings: Energy
- Top Dividend Stocks of the Week: Pepsi
- Let the 3G-Phone War Begin
- IndyMac Sputters to Loss
- Report: Icahn Zeroes in on Yahoo!
- Tuesday's Analysts' Upgrades, Downgrades
- TSC Ratings' Upgrades, Downgrades
- Cramer's 'Mad Money' Recap: Mad Money's Rally Playbook
- The Polycarbonate Price Cut
- CalPERS Pushes for Clean House at Standard Pacific
- Investing in China: What You Need to Know
- Coming Week: 'Glimmer of Hope'
- Top Stocks With Insider Buying, Buybacks
- New Solar ETF Helps Spread Sector's Risk
- Feuerstein's Biotech-Stock Mailbag
- Need to Own Energy? Here's How to Do It
- My Company Doesn't Provide Health Insurance (Gulp!)
Sponsored by:

BEAT THE STREET GAME:


