Friday, November 02, 2007

Hey Stan, its on Tuesday???

Two of the largest banks lose their CEOs within a week. With the interdependence of the banks, more will likely follow.

NEW YORK (Reuters) - Citigroup Inc (C.N) Chief Executive Charles Prince plans to resign this
weekend, the Wall Street Journal said, as the widening subprime mortgage crisis deals a final blow
to a reign long under attack.

The largest U.S. bank by assets plans to hold an emergency board meeting on Sunday, at which Prince
will step down, the newspaper said on Friday, citing people familiar with the situation.

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