Pandit: Citi profit performance is best in a year

Citigroup's profit performance in January and February was the best the bank has posted in a year, according to CEO Vikram Pandit. In a memo to employees, Pandit said Citi has generated $19 billion in revenue so far this year, even as uncertainty about the firm's future mounts. "We were profitable through the first two months of 2009 and are having are best quarter-to-date performance since the third quarter of 2007," Pandit wrote.