Ex-Citigroup CEO Pandit Backs Startup to Cut Wall Street Fees
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Vikram Pandit, the former chief executive officer of Citigroup Inc., is among investors backing FeeX, a venture that helps consumers avoid hidden costs in financial products.
Pandit may advise FeeX as the startup seeks to expose fees in credit-cards and insurance, according to a Marketwired statement Tuesday from the company, which already reviews retirement and savings accounts. He joined a group that provided $2.75 million to FeeX, a free service that was founded in 2012, according to the statement.