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CITIGROUP REPAYS: Citigroup received $45 bn under the US Troubled Asset Relief Programme.

CITIGROUP REPAYS: Citigroup received $45 bn under the US Troubled Asset Relief Programme.

Pandit's Citi returns $20 bn in bailout funds

Banking giant Citigroup, led by Indian American CEO Vikram Pandit, has repaid $20 billion it received in bailout funds as it works to free itself from government restrictions including the pay of its top 100 employees.

WORKING FOR LESS: Citigroup
RECESSION BLUES OVER? In April and July, Citi stunned Wall Street by reporting surprise profits.
ASIAN BOUNTY: The bank wouldn
FOR-EX IMPACT: Citicorp revenues from Asia declined by 14 per cent to $1.6 billion.
MANAGEMENT RESHUFFLE: Pandit has been the target of much criticism for his management of Citigroup.
TOUGH TIMES: Western companies closing down back-office facilities in India is to slash costs during the recession.
CAPTAIN NO GOOD: The magazine said that he "did not create the mess Citi is in, but he is the financial services equivalent of the Titanic tragedy.
NOT ALONE: Other Fortune 500 listed cos too saw profits falling 85 pc in
RAISING HOPES: A man walks past a CitiBank branch on the Avenue of the Americas in New York.
INTROUBLE: Chinese vendors sell fruits outside a branch of Citibank in Shanghai, China.
NO INCENTIVE: Citigroup lost $28.55 billion over the last 15 months, including $18.72 billion in 2008.
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