Updated from 12:38 p.m. EST
Citigroup (C Quote) CEO Vikram Pandit's days leading the large banking institution may be numbered as he struggles to keep the ship afloat as it continues to take on water.
Reports surfaced late Tuesday that Citi's agreement with Morgan Stanley (MS Quote) to create a brokerage joint venture would be the first in a series of initiatives that would essentially take apart the financial supermarket model former CEO Sandy Weill built a decade ago.
The troubled bank on Wednesday moved up its fourth-quarter earnings release date by six days, as Wall Street braces for the banking institution's fifth straight quarter of losses and a possible formal announcement of the new initiatives. Citi will now report results Friday morning, instead of Jan. 22, as previously scheduled. ...
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