Rubin succeeds Prince as chairman
Drop driven by lower revenues in fixed income and higher consumer credit costs
Pandit named CEO of Institutional Clients Group
U.S. banking giant hit by credit squeeze
Orders US$12.2 million in restitution to over 200 customers
ECN complements Citi’s in-house electronic execution capabilities
Pair will jointly chair Citi Markets & Banking planning group
Includes significant Increases in financing of alternative energy, clean technology, and other carbon-emission reduction activities
Citigroup aims to become a major provider of hedge fund and mutual fund services with the acquisition