Further market erosion could result in additional charges
Bank raising US$12.5 billion through a private placement
Cut reflects exposure to subprime assets
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