Citigroup CEO Pandit Isn't the Problem

Citigroup's (C Quote) CEO Vikram Pandit is again under fire, this time from the Federal Deposit Insurance Corp., but a new executive is not necessarily what the troubled institution needs right now.

The FDIC is pushing for a shake-up of Citi's top management, The Wall Street Journal reports Friday, citing people familiar with the matter.

Some federal officials are apparently frustrated at the company's "pace of change," according to the article. The FDIC is also concerned about the "lack of senior executives with experience in commercial banking," the Journal says. ...