CITI: NO. 1 DEALMAKER
There's at least one thing Citigroup's chief executive, Vikram Pandit, can celebrate: the bank's dealmaking record. So far this year, Citi has advised on $158 billion in deals, more than any of its rivals, according to research firm Thomson Reuters. It counseled drugmaker Wyeth, which Pfizer agreed to buy for $68 billion in January. Citi was among the players when Italy's largest utility, Enel, made a $14.3 billion bid for a stake in Spanish energy company Endesa.
In an ironic twist, Citi is benefiting from the financial crisis. The British government relied on Citi's help when it decided to pump $36 billion into troubled Royal Bank of Scotland. Citi was also a trusted adviser to PNC Financial Services Group when it gobbled up National City this year. Just a week before the PNC deal was initially announced in October, Citi got its first $25 billion in government aid.

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