Saudi Prince Alwaleed bin Talal held: West Asia's Warren Buffet worth $17 bn, is an advocate of women's rights
Saudi Arabia’s future king has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including Alwaleed bin Talal.
Kampani became a well-known figure in the stock market circles after he brokered the Ambani brothers settlement in 2005
One Bitcoin is currently valued at $206, about one-sixth of its peak price of about $1,200 apiece in 2013.
Former Citigroup chief executive Vikram Pandit-led global fund has invested Rs 540 crore in JM Financial's real estate lending subsidiary FICS.<br />
Despite these dropouts, Indian delegation still runs into about 125 business and political leaders, which makes India's presence fourth largest after the US, UK and the host country Switzerland.<br /><br />
It remains to be seen how Pandit, who is credited with steering Citi out of its darkest days, plans on making lives better for millions of Indians through financial inclusion without actually getting his hands dirty.
JM Financial would also nominate Pandit as the non-executive chairman of the NBFC
JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity.
Pandit may either form a team of ex-Citi colleagues for the operational impetus to the bank or could lead the banking venture for an existing corporate house.
The cuts are Chief Executive Michael Corbat's first major steps to reorganize the company since he took the reins in October after directors pushed out his predecessor, Vikram Pandit.
O'Neill, who hand-picked new CEO Michael Corbat, has an uphill task ahead of him. Citigroup is groaning under $171 billion of assets it wants to shed, has high expenses, and its profitability lags behind that of such competitors as JPMorgan Chase & Co
The chairman manoeuvred behind the scenes for months ahead of that day to force Pandit out and replace him with Michael L. Corbat, the board's chosen successor, the NYT reported
Corbat has said he will take the next several weeks to review the reporting structure, but names of potential candidates in what could be a round of reshuffling atop the third largest US bank are already beginning to surface among insiders.
Corbat's salary is lower than Pandit whose base pay touched $ 1.75 million in 2011. Pandit's overall compensation was more than $ 14.86 million in 2011.
In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the third-largest US bank.
According to senior bankers, Pandit's shock resignation was under duress, a board coup, not a planned retirement. Did Pandit and Citi's board clash over his pay, his management or the bank's strategy?