Citi: how’s this Sheila?

Citigroup is making nice-nice with regulators. That much is evident from the troubled bank’s latest reshuffling of its executive bench. Though the changes look primarily designed to please Citi’s many financial watchdogs, shareholders can still take some succour from chief executive Vikram Pandit’s apparent acquiescence. Citi named Eugene McQuade to run its core retail banking business, Citibank NA. As the former president and chief operating officer of FleetBoston, McQuade understands retail a...