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Confusion Reigns Over Citi's Next Top Job


James Forese, the popular head of securities and banking at Citigroup, was offered the chance to become the bank’s President and COO shortly after the surprise resignations of Citi’s CEO and President and Chief Operating Officer, Vikram Pandit and John Havens, according to someone familiar with the matter.

Ex-Galleon Group Employee Star Witness In Gupta Case

Rajat Gupta

Michael Cardillo, the former Galleon Group portfolio manager who pleaded guilty to insider trading, provided 'extraordinary' help in cases against former Goldman Sachs director Rajat Gupta and former Galleon trader Zvi Goffer, U.S. prosecutors have said.