Citigroup, the American banking behemoth, is in trouble. . . big trouble. Survival is at stake and Citigroup Inc chief executive Vikram Pandit is fighting with his back to the wall.
With the bank clocking in losses of more than $20 billion, its revenues down by 35 per cent this year and the economic crisis intensifying across the globe, there's little room for manoeuvring at Pandit's disposal.