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SEC Should Investigate Pandit's Surprise Exit: Pitt

Magnifying Glass

Former SEC chief Harvey Pitt told CNBC Wednesday that the commission should investigate the surprise departure of CEO Vikram Pandit from Citigroup, since there were no hints given on the bank's earnings call the day before.

Barclays Provides Further $1.12bn For PPI Claims

Barclays Bike

Barclays has experienced higher than previously anticipated levels of Payment Protection Insurance ('PPI') claim volumes since the end of the first half, and has therefore determined that it is appropriate to provide a further $1.12bn as at 30 September 2012.

Bankers - Help Is At Hand For Those Who Need Support

Depression, Suicide

It's very difficult to write about suicide because, as the Samaritans say, a fine line remains between sensitive, intelligent reporting and sensationalising the issue. This is pertinent today, as the name has now been released of the fourth financial services professional to have jumped to his death (last Thursday) from the roof terrace of a well-known London restaurant.

Gasparino - Vikram Pandit’s Job Had 'Been In Jeopardy For Months Now'

Vikram Pandit Still

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that former Citigroup CEO Vikram Pandit’s job has 'been in jeopardy for months now', and that the resignation was spearheaded by 'an uprising on the board led by' Michael O’Neill and Diana Taylor over the $5bn Smith-Barney write-down that 'occurred two months ago'.