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One-time billionaire's $800m Citigroup bid rejected

Gavel

A federal appeals court rejected a one-time billionaire's bid to revive his $800m lawsuit accusing Citigroup of fraudulently hiding its exposure to subprime and other toxic mortgages, inducing him to hold on to shares he otherwise would have sold.

Ex-Citi CEO to set up consulting business

Vikram Pandit

Less than two years after he was ousted as CEO of Citigroup Vikram Pandit is collaborating with the co-author of the popular 'Freakonomics' book series to launch a new consulting business aimed at helping companies improve their cultures and use of technology.

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