Summers Suspends Citigroup Ties While Considered for Fed
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Former U.S. Treasury Secretary Lawrence Summers has suspended ties with Citigroup Inc. while the White House considers nominating him to serve as the Federal Reserve’s next chairman, the company said.
“Mr. Summers has withdrawn from participation in all Citi events while he is under consideration to be chairman of the Federal Reserve,” Danielle Romero-Apsilos, a spokeswoman for the firm, said yesterday in an e-mailed statement.