"Citi filing for Chapter 11 in the next few days" … oh no! what a headline.
However, according to Here is the City, these rumours are originating out of Asia and based upon traders trying to depress the stock. Here is the Citi call this "financial terrorism" and it is unsurprising in current climate that such rumours can grip the market interest.
I’ve always got an eye out for talent in the banks I visit … now
that’s an ambiguous statement if ever I heard one … and, in order to
avoid the situation where Citi cannot replace their CEO in a timely
fashion, I was gratified to see that they have created a new role.
Chief Talent Officer.
The lucky chappie with this title is Paul McKinnon, formerly senior vice president for human resources at Dell.
So, he’s learnt all he knows by eyeing up the talent in the computer
room, ay? Moving out of circuit board city, he’ll probably be amazed
at the wonders of trading room desks, payments professionals and retail
branch operations … so much more glamorous isn’t it?