Bloomberg News

Citigroup Chief Pandit Says Lender to Be ‘Very Cautious’ in 2012

January 26, 2012

Jan. 25 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit said the lender will be “very cautious” and focus on managing expenses in 2012 as the European sovereign-debt crisis persists.

“The European overhang is real, and while the sentiment has improved a lot, it’s still with us,” Pandit, 55, said in an interview on CNBC today from Davos, Switzerland, where he’s attending the World Economic Forum’s annual meeting. “We’re going to be very cautious.”

To contact the reporter on this story: Donal Griffin in New York at dgriffin10@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net


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