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Citi Shares Rise After Pandit Steps Down

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  • Description

    FBN’s Nicole Petallides breaks down the stocks moving the markets.

  • Duration 1:09
  • Date

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And we start with -- all we broke the news on Citigroup at the end of the last -- the Wall Street Journal reports that Vikram Pandit left.

After -- clash with the board -- performance and strategy.

The softly as -- -- Right well you can see it's still about the 36 dollar mark I mean this was -- speculation that we had all morning long why now.

And the Bora -- probably ousted -- -- something to that effect.

And that's exactly what we're hearing now right he had clashes with the board.

Over strategy over performance were also hearing that Citigroup board.

And frustrations.

Including the performance of institutional.

Clients that unit in particular.

And that the departure.

Actually came as a shock says that and more -- because we said this yesterday that all the employees give the conference call yesterday yet their earnings on Citigroup.

But the question all along -- would you know did -- make the right steps everybody's waiting for dividends some folks said that he sold to -- -- the Morgan Stanley.

Part the sale price at they saw their stake for Morgan Stanley is up.

There are some questions throughout the year that people really are delving into Citigroup are probably wondering the -- says -- -- she goes performance and strategy --

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