Citigroup's CEO is stepping down, ending his tumultuous five-year reign as leader of the third largest bank in the United States.
The surprise announcement by Vikram Pandit sent the company's shares down 2% this morning, no doubt, as shareholders wondered what the move meant for Citigroup.
Citigroup's President and COO John Havens also resigned.
For more on the shake-up, head over to CNNMoney.com.
The Treasury Department said Monday it was moving closer to unloading its entire stake in Citigroup, but offered little insight into the timing of the sale.
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