CITI CEO SAYS EXPECTLOW GROWTH AHEAD

BLOOMBERG: Citigroup CEO Vikram Pandit told the Detroit Economic Club's National Summit that he expects a lower growth rate for the U.S. economy as it goes through an "adjustment" period. . . . The deleveraging of the financial system means reduced credit creation, and less available financing and working capital, Pandit said. This will also lead to lower gross domestic product growth . . . READ MORE