Pandit and Diamond Said To Be On The Comeback Trail

Vikram Pandit Pic

The buzz in financial circles is that two fallen bank stars - former Citigroup CEO Vikram Pandit and Barclays boss Bob Diamond - are plotting their returns soon after being booted from their respective banks.

The New York Post reports that this time, however, both are hoping to avoid the harsh glare of running a publicly traded firm by working in the so-called shadow banking sector.

Industry insiders say that Pandit, who was a hedge-fund manager before selling his firm to Citi, is looking at starting a private-equity firm.

Meanwhile, Diamond, who resigned from Barclays amid an embarrassing interest-rate rigging scandal, is said to be working on launching his own firm.

Sources familiar with Diamond’s thinking said that he is considering launching a hedge fund, possibly based in New York.

Hit the link below to access the complete New York Post article:

The comeback kids - Pandit, Diamond eye return to Street

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image: © World Economic Forum

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