Challenges Facing Citigroup's Pandit, BofA Changes

Challenges Facing Citigroup's Pandit, BofA Changes Play

Sept. 7 (Bloomberg) -- Charles Peabody, an analyst at Portales Partners LLC, talks about challenges facing Citigroup Inc. Chief Executive Officer Vikram Pandit amid a global economic slump. The bank, which gets more than half of its profit from emerging markets, could see earnings stagnate next year if U.S. growth stays at about 1 percent and Pandit doesn’t cut expenses. Peabody, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the management changes at Bank of America Corp. (Source: Bloomberg)

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