Citigroup's Pandit left after clash with board - reports

UPDATE: Vikram Pandit has stepped down as chief executive of Citigroup, according to reports.

16th October, 2012
Citigroup's Pandit left after clash with board - reports
Vikram Pandit.

The sudden departure of Vikram Pandit from the top job Citigroup was sparked by a clash with the board, according to reports.

The *Wall Street Journal* cited people familiar with the situation in a report that said the Citigroup chief executive clashed with the board over strategy and performance. The bank's share price was up 1.9 per cent a short time ago.

The surprise move came just a day after Citigroup saw its share price jump...

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