Vikram Pandit

So happy to accept this award.

Oh that’s right, ladies. Citi has actually beat Goldman Sachs (and Morgan Stanley) at something. True, it’s the number of times the bank tapped the Federal Reserve’s credit facilities but they will take what they can get! Read more »

When you’re applying for a gig on Wall Street these days, you’ve got to do something that will set you apart from the crowd. Jobs are scarce and while anyone can tell a firm why they should be hired, few go the extra mile to show. Armed with this knowledge and the knowledge that competition for positions at Citi is fierce, one recent applicant knew she had to raise the stakes. She didn’t just send Citi a resume and cover letter indicating her interest and qualifications– anyone can do that. She sent them an 11-page presentation entitled “I’m Always Awake With Citi: 9 Reasons Why You SHOULD Hire Me As Your Investment Banking Analyst” filled with headers like “Smart” and lotsa clip art. Perhaps it was the reasons, perhaps it was the fact that she appealed to someone at Citi’s love of its insomniac tagline, but we’re told she’s been asked to come in next week. (We’re also told she created similar presentations for other banks, such as BAML, which has also invited her to stop by next week, and that she has interviews set up with “several” firms. Citi may be her “dream,” but they’re not the only ones who should be offered a piece of this and girlfriend is a hustler.) Job-seekers, take note.

Subject: Citi Investment Banking Analyst Application

I’m here to apply for Investment Banking Analyst position in Citi, my dream job in dream company. I’m graduating business school in Dec 2010, so I can start work in January 2011. My cover letter and resume are attached and I will appreciate it very much if you could do me favor to talk a look or forward them to other hiring managers.

Look forward to hearing from you.

Thanks very much.

Read more »

Kingdom Holding Co. said the investment firm and its chairman, Saudi Arabian billionaire Prince Alwaleed Bin Talal, invested $500 million in General Motors Co.’s recent initial public offering. The transaction represents 1% of the value of GM’s subscriptions, Kingdom Holding said Tuesday in a statement emailed to Zawya Dow Jones. The firm cited “the global strength of the General Motors brand, the relatively attractive offering price, and the company’s growth prospects in Brazil and China.” [WSJ]

With the passing of the Dodd-Frank Bill, one pesky thing that banks have had to spent a couple hours getting in line with is the Volcker Rule, and what it means for their proprietary trading desks. Whether to spin them off, send the employees to a farm in the country where they can run around, move them to the basement or just rename the group the ‘troprietary prading’ unit, about which no one will be the wiser, the whole thing has been a bit of a headache. One person who hasn’t lost any sleep over the mandate, however, is Vikram Pandit. Because unlike his counterparts at say, Goldman, who’ve clutched their pearls and felt faint at the thought of a world without prop, Vickles got behind the rule before it was even a twinkle in Volcker’s eye. Read more »

Here in the United States, David Hasselhoff is seen as the guy who gets drunk and eats cheeseburgers off the floor. To put it mildly, he doesn’t get much respect. Over in Germany, however, he’s the second coming of Christ and is treated like a prince. Until recently, Vikram Pandit never knew what it felt like to be loved and hated in equal measure, and didn’t really understand how hard The Hoff had it. Yesterday, at the G20 Summit, however, he hinted that he’s starting to relate. Read more »

FINALLY. Read more »

As you know, Wednesday night was a big night for Uncle Vik. Despite the fact that Jay-Z was a no show, Pandito had a ball while being honored at a gala dinner benefiting the New York Police & Fire Widows’ & Children’s Benefit Fund. During the charity auction part of the evening, the Citi CEO bid $9,000 for a day of training at the NYC Fire Department, which he very well could’ve selfishly used himself. Rather than being put through the paces, however, generous Vikram will said that he will be raffling off the prize to one very lucky Citi employee, so watch out for one of those massive lottery wheels in the lobby soon.

And that’s not all. Read more »

  • 04 Nov 2010 at 1:08 PM

The Shattering Of A Vikram Pandit Dream

Despite the fact that he is a rolly polly ball of smiles that had the good sense to sell his hedge fund to Citi for a billion dollars, as the CEO of the Treasury’s special needs child, Vikram Pandit does not have a lot to look forward to, other than the day he “makes more than $1.” So when the word got out several weeks ago that he was going to have the opportunity to meet one of his idols, he got pretty psyched Naturally, the idol I speak of is Mr. Jay-Z. Read more »