Banking, finance, and taxes
Citigroup (C) May Hire Royal Bank of Scotland Chief To Be CEO
Published:
Citigroup (C) may look outside the US for its next CEO. According to The Telegraph, Royal Bank of Scotland CEO, Sir Fred Goodwin, "is understood to have been informally approached by Citigroup about taking on the chief executive’s role at the world’s largest bank."
One of the issues standing in the way of the appointment is that RBS could be facing the same kind of write-downs which hit Citi last quarter. The Telegraph may like the story, but it could be a waste of ink.
Douglas A. McIntyre
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