On the same day the government is set to release the results of its stress tests analyzing 19 financial firms, a report came out that the government is considering giving Citigroup (C: 3.17, -0.03, -0.94%) CEO Vikram Pandit the boot.
Citigroup, which has received or been guaranteed $50 billion of government aid through the Troubled Asset Relief Program, has been stirring up a lot of questions about its health.
According to The New York Post, citing sources, regulators are mulling taking steps to show the government is taking a strong stand on banks, which may include removing Pandit. - FOX Business Story
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