Bair Says Pandit Exit ‘Very Positive’ for Citigroup

Oct. 16 (Bloomberg) -- Sheila Bair, former chairman of the Federal Deposit Insurance Corp., talks about Vikram Pandit’s departure as chief executive officer of Citigroup Inc. and outlook for the banking industry. Pandit will be replaced by Michael Corbat, who led Citigroup in Europe, the Middle East and Africa. Bair speaks with Tom Keene and Ken Prewitt on Bloomberg Radio's "Surveillance." (Source: Bloomberg)

GE in Talks With Baker Hughes on Partnerships
28:05 - General Electric says it is not discussing the outright purchase of Baker Hughes, but it is in talks about a possible partnership. The comment comes after Baker Hughes shares jumped in extended trading on reports GE was keen to buy the world's third-largest oil services provider. Bloomberg's David Wethe reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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