Citigroup Inc. Chairman Richard Parsons said Chief Executive Officer Vikram Pandit doesn't get the credit he deserves for leading the company through the financial crisis.

"Vikram has done a tremendous job, and he has not been given the credit that I think is due to him and his team," Parsons said Monday in an interview on Bloomberg Television. "We fell into a pretty deep hole, and I think it's clear to the markets now that Citi is climbing out of that hole and will get out of that hole."

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