Corrections & Clarifications
"The Most Powerful Banker You've Never Heard Of" (In Depth, Sept. 7, 2009)
"TThe Most Powerful Banker You've Never Heard Of" (In Depth, Sept. 7), about Citigroup (C) Vice-Chairman Lewis Kaden, mistakenly said that former Citi CFO Gary L. Crittenden stepped down in July of this year; he did so in March. The article also erred in saying Citi hired Edward J. Kelly III in January 2008 to run its Alternative Investments unit. He was hired in February of that year to head up strategy. Also, after serving as Citi's CFO, Kelly was named vice-chairman; he was not shifted back to his original position at Citi. He previously worked as general counsel for J.P. Morgan, not JPMorgan Chase (JPM). Finally, Kelly did not refer to the Federal Deposit Insurance Corp. as a second-rate agency. He called the FDIC a "tertiary regulator."