The company reported last month a $5.1 billion loss for the first quarter amid an additional $12 billion in pretax writedowns and a $3.1 billion increase in credit costs in the global consumer business. Under Pandit's leadership, Citi is undergoing a re-engineering effort, which includes job cuts, organizational streamlining by geography and the sale of non-core assets. It announced 9,000 job cuts last month, bringing the total to roughly 30,000 since last year. Citi shares rose slightly on Tuesday. Shares of other large banks including Bank of America ( BAC ), JPMorgan Chase ( JPM ), Wachovia ( WB ) and Wells Fargo ( WFC ) also rose.