"Breaking" "News" On Citi From CNBC

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The bank has "no time frame" for naming new directors, which Dick Parsons told Thompson when he was "crossing the street." The situation is fluid.
Update: Okay, this actually is breaking. Parsons apparently also told Thompson that the Big C's management has its "arms around" the situation. Gasparino to add more color on the reach around asap.

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