Sunday, May 20, 2007

Nikko to name three Citigroup execs to board: report

(Reuters) - The Nikkei said in its evening edition that Nikko had decided to make the appointments, which include Citibank Japan Chief Executive Douglas Peterson, in a bid to regain market trust after an accounting scandal.




Citigroup launched its buyout bid after the accounting scandal which hurt business at core retail unit Nikko Cordial Securities and Nikko Citigroup Ltd., the companies' eight-year-old investment banking joint venture.


Read more at Reuters.com Business News

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