Daily Archives: January 11, 2009

John Gapper

There seems to be a coup underway at Citigroup. It has already taken down Robert Rubin, looks as though it will lead to Sir Win Bischoff being replaced as chairman by Dick Parsons, and could culminate in the departure of Vikram Pandit as chief executive.

I say this not from inside knowledge but from reading the stories that broke on Friday, when Mr Rubin’s resignation as director and senior adviser was announced and news leaked that Citi is in talks with Morgan Stanley on divesting Smith Barney, its retail broker. Read more