Citi: We Might Have To Bring Back That Travelers Logo
'Cause Uncle Vik's about to make it rain.
Citigroup Chief Executive Vikram Pandit said Wednesday that investors will see the results of his expansion plans and that he expects to be able to return significant amounts of capital to shareholders in the coming years...Mr. Pandit said the bank is on track to return capital to investors in 2012, and that he believes Citi can return significantly more capital in 2013, assuming regulators agree.
[WSJ]