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1. Knuckle Sandwich
Citi's (C Quote) chief Chuck Prince is in a real pickle.
The Prince-must-go camp was emboldened Monday after Citi reported a 57% drop in third-quarter profit. Two days later, rival JPMorgan (JPM Quote) made things worse for Prince by posting a rise in its own third-quarter earnings. It seems that debt-market problems took a much smaller chunk out of JPMorgan's hide.
Among Prince's loudest detractors has been Deutsche Bank analyst Mike Mayo. He downgraded the stock to sell last week after Prince again rearranged the deck chairs in Citi's executive suite. This week's earnings debacle gave Mayo an opportunity to wonder aloud how long Prince can stay at the helm of this sinking ship. ...
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