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Business
3:44 pm
Tue October 16, 2012

Citigroup CEO Abruptly Steps Down

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Originally published on Tue October 16, 2012 5:06 pm

Citigroup CEO Vikram Pandit is stepping down. In a statement released Tuesday morning, he said the time was right for someone else to take the helm. Pandit, who is 55 years old, took the top spot at Citi in December of 2007, just as the financial crisis was beginning to unfold.