Pandit Says Citigroup Can Absorb Curbs on Fees – DealBook Blog – NYTimes.com


Mr. Pandit said his bank would not be hit that badly by regulations curbing overdraft and credit card transaction fees, two areas that rivals contend will cost them billions of dollars in lost revenue. Nevertheless, Mr. Pandit said on a conference call to discuss Citigroup’s earnings that he was still concerned about the outcome of pending international regulation that would force banks to hold more capital.

READ ARTICLE via Pandit Says Citigroup Can Absorb Curbs on Fees – DealBook Blog – NYTimes.com.

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