Citigroup's Lost Years

Vikram Pandit, Citigroup CEO, pauses during a conference session on day one of the Saint Petersburg International Economic Forum 2012 in Saint Petersburg, Russia. Photograph by Andrey Rudakov/Bloomberg

Citigroup’s suffering shareholders might be compelled to seek comfort from how the bank has overcome centuries of brushes with death. After all, some four years into its recapitalization, a shrunken Citi is still trying—desperately—to find its footing.

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