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HEARD ON THE STREET
NOVEMBER 20, 2008

It's a Citi Under Siege for Pandit

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more in Heard on the Street »

The market is losing confidence in Citigroup. In the wake of some planned balance-sheet maneuvers, it isn't tough to see why.

On Monday, Citigroup Chief Executive Vikram Pandit gave a presentation on the firm's financial condition during a town-hall meeting. This followed an announcement that job cuts this year would reach 50,000.

Largely overlooked ...

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