Citigroup CEO Plans to Resign As Losses Grow.

Authors :: Sidel, Robin
Langley, Monica
Zuckerman, Gregory
Scannell, Kara
Lucchetti, Aaron
Berman, Dennis K.
Source :: Wall Street Journal - Eastern Edition. 11/3/2007, Vol. 250 Issue 106, pA1-A4. 2p.
Publication Year :: 2007
Abstract: The article reports on plans by Citigroup Inc. chief executive Charles Prince to resign, as the bank's losses from troubled mortgage assets grow, and the U.S. Securities and Exchange Commission (SEC) begins an accounting probe. The SEC plans to review certain off-balance sheet transactions in structured investment vehicles (SIV).