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)