Soon To Be A Regional Bank

November 19th, 2008 by Jason · 1 Comment · bandit, fail

A note to Vikram Pandit: Have more pictures taken.  To be the CEO of one of the largest banks in the world, there are about six unique pictures of the man floating around out there, which makes my job quite a bit harder.

As Citi’s stock price drops further and further into GM territory, its market value follows suit.  This morning, it slid to the nation’s fifth-largest, behind US Bancorp, just a few weeks after dropping to fourth.  C was trading in the $30 range when Bandit took over, and here we are just a year and a half later flirting with $6.  Whatever it is you’re doing up there, Vik, keep doing it.  It’s clearly working.

(Thanks to Lolo, ESQ for reading the news so we don’t have to!)

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