Citigroup Inc. is expected to report fourth-quarter losses that are billions of dollars greater than previously anticipated, but its lead independent director said the banking giant's board isn't losing faith in Chief Executive Vikram Pandit."We have confidence in the current management and leadership of Vikram," Richard Parsons, a former CEO of Time Warner Inc., said in an interview Sunday. "There's no truth" to rumors that Mr. Pandit's job is in jeopardy barely a year after he took the reins, he added.
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