Page 2254 


Citi's Vikram Pandit - The Succession

Citi CEO Vikram Pandit reorganised his top troops last week, promoting John Havens ato COO. But some commentators are concerned that this latest reorg still leaves no clues as to who Pandit is grooming to succeed him (Havens is thought likely to step down when Pandit eventually does so).

Bank of America Reports Fourth-Quarter Loss

CHARLOTTE, N.C., Jan 21, 2011 (BUSINESS WIRE) - Bank of America Corporation today reported a net loss of $1.2 billion, or $0.16 per diluted share, for the fourth quarter of 2010, including the previously announced goodwill impairment charge of $2.0 billion in the Home Loans and Insurance segment.