Parson Exit From Citigroup `Good News,' Mayo Says

March 5 (Bloomberg) -- Mike Mayo, an analyst at Credit Agricole AG and author of "Exile on Wall Street: One Analyst's Fight to Save the Big Banks from Themselves," talks about Citigroup Inc. and its Chairman Richard Parsons. Parsons plans to step down and will be replaced by fellow director Michael O’Neill after the firm’s shareholder meeting in April. Mayo speaks with Scarlet Fu on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)