Citi CEO rejects UK bank reform: report

LONDON (Reuters) – Citigroup Chief Executive Vikram Pandit was quoted as saying on Sunday that Britain's plans to separate retail and investment banks were unnecessary as a series of measures to safeguard against failed banks was already being put in place. Pandit told Britain's Sunday Telegraph newspaper that the requirements for resolution planning if a bank goes bust, as well as safety being addressed through more capital and liquidity meant ring-fencing plans were not needed. …

Citi CEO rejects UK bank reform: report LONDON (Reuters) – Citigroup Chief Executive Vikram Pandit was quoted as saying on Sunday that Britain's plans to separate retail and investment banks were unnecessary as a series of measures to safeguard against failed banks was already being put in place. Pandit told Britain's Sunday Telegraph newspaper that [...]