Citigroup names former U.S. Treasury chief as new chairman
英语阅读是考研英语的重头戏，怎么复习?怎么训练?建议同学们采取英语朗读的方法每天练习10-20分钟，快速提升英语的阅读能力和听力水平！NEW YORK, Nov. 4 (Xinhua) -- Citigroup, the largest banking company in the United States, named former U.S. Treasury Secretary Robert Rubin as its new chairman Sunday, replacing Charles Prince who resigned over the company's billions of dollars in losses from investing in bad debt.
Prince, 57, announced his resignation in a company statement after Citigroup held an emergency meeting of its board.
Sir Win Bischoff, who runs Citigroup's European operations, was named acting chief executive.
"I am responsible for the conduct of our businesses," said Prince, who also served as Citigroup's CEO, in the statement. "Thesize of these charges makes stepping down the only honorable course for me to take as chief executive officer. This is what I advised the board."
In a separate statement, Citigroup said it would write down another 5 billion to 7 billion dollars after taxes, roughly three or four months of profit, for its 55 billion dollars of exposure to U.S. subprime mortgages.
The write-down equals 8 billion to 11 billion dollars before taxes, and may rise if markets worsen, the company said.
In the third quarter of this year, Citigroup took a hit of 6.5 billion dollars from asset write downs and other credit-related losses.
Rubin, 69, was given credit for much of the country's economic success in the 1990s as economic adviser to then president Bill Clinton and later Treasury chief.
In 1999, he joined Citigroup and chaired the bank's executive committee.
Prince, who became chief executive of Citigroup in October 2003, will continue to serve the company as an adviser while a permanent replacement is found.
Citigroup chairman, CEO Prince resigns
BEIJING, Nov. 5 (Xinhuanet) -- Citigroup's chairman and chief executive Charles Prince resigned Sunday and was being replaced as chairman by board member, former Treasury Secretary Robert Rubin, according to media reports.
In an announcement following an emergency meeting of Citi's board, Citi also said Sir Win Bischoff, chairman of Citi Europe and a Member of the Citi management and operating committees, would serve as interim CEO.
听力和书面表达通常是我们学生的弱项，希望大家在英语朗读的方法下，并结合实际情况安排练习，不要一味模仿别人，要在练习过程中及时总结经验，包括时间安排等，让自己的考研英语水平得到一个很大的提升！
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