Breakingviews on Twitter
Search League Tables

Monday, 27 June 2016

Citi's new boss wields his predecessor's machete

Vikram Corbat

Mike Corbat is picking up where Vikram Pandit left off. The bank will cut 11,000 jobs, reaping savings of $1.1 billion a year. It won’t endear the new boss to his staff. But it’s not a radical move, hitting back-offices hardest. Corbat’s merely tweaking Pandit’s strategy.

This content is for Subscribers only

To access full content you must be a subscriber. Please use the following link to request a trial.

Sign In

(Launches in a new window)