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.”
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