-
Citigroup came under political fire Monday for reporting frequent flier miles as taxable income in certain circumstances. But Sen. Sherrod Brown, who blasted Citi, had to back away from the criticism after the IRS came to the aid of the banking company.
January 30 -
Making banks show the rigor of their analysis through what-if exercises is all well and good. But investors would be better served if auditors had to tell more about the risks their clients are taking.
January 13 -
Citigroup Chief Executive Vikram Pandit said Monday that MF Global's woes point to a need for an expanded focus on the shadow banking system and broader transparency for derivatives.
November 8
Did you ever notice that the word "pundit" is only one letter off of "Pandit?"
If Vikram Pandit has the Page-a-Day "365 Words New Words a Year" calendar on his desk at the chief executive offices of Citigroup Inc., he'll be excited to see the etymology of the word of the day for Friday, Feb. 3.
Though it's hard to fathom during an election year, the word "pundit" didn't always have a jaded, demeaning connotation. "The original pundits were highly respected teachers and leaders in India,"
Who knew? The Citigroup chief should bring this up to break an impasse at the next executive showdown, or to reassure the directors at a tense board meeting.
His detractors, however, could point out that times change. Pundit, like a lot of words, has been debased. Now, it "is often used with a hint of sarcasm to refer to informed opinion makers (such as political commentators, financial analysts, and newspaper columnists) who boldly share their views (sometimes at great length) on just about any subject that lies within their areas of expertise."
If
