Bair: Pandit Exit 'Very Positive' for Citigroup

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Sheila Bair, former chairman of the FDIC, spoke with Tom Keene and Ken Prewitt on “Bloomberg Surveillance” today about Vikram Pandit's departure as CEO of Citigroup. Bair said that "this was a very positive move and the board discharged its responsibilities and I think they should be commended."

Bair went on to say: "I did have concerns about Mr. Pandit's qualifications to serve as the CEO of the largest commercial bank, because he had never been a commercial banker."

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