Citi CEO Confident in His Bank

Citigroup Inc.’s Chief Executive Officer Vikram Pandit is not worried about the future, according to his recent statements concerning his bank’s plans. Pandit stated that he has “little doubt” that his company would quickly return to profitability once the economy starts to show definite signs of recovery.
 
Pandit also spoke of his plans to repay back the Federal Reserve for the bailout money his company received, stating that it would do so in compliance with regulators when it is in a better spot. Due to the government’s increased interest in the country’s financial institutions, Pandit has been trying to get the government’s nose out of Citigroup’s affairs.
 
According to Pandit, the bank has plenty of capital with which it could pay back the $20 billion it received from the federal government, also stating that the government’s investment in the bank has actually given the government a tidy profit. At this point, Pandit hints a variety of options for Citigroup going forward.  

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