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.
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.
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