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Local banker to Citi's board

Posted at 7:53 AM on March 16, 2009 by Bob Collins (0 Comments)
Filed under: Economy

Jerry Grundhofer, the brains behind US Bank, is wading into the CitiGroup mess, it was announced this morning. He's one of four independent candidates for the troubled bank's board of directors.

The four new directors are the trade-off Citi made in exchange for the government taking a a 36% stake in the company.

Grundhofer has made a career of turning around failing banks.

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