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)
Yellen: Rise in Rates Appropriate Over Next Few Years
32:57 - Fed Chair Janet Yellen said she expects the Federal Reserve to raise interest rates this year, and that subsequent increases will be gradual without following a predictable path. (Source: Bloomberg)
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