Pandit commented on the bank's prospects on Tuesday at the annual shareholders' meeting, which came just days after the bank posted a $1.59 billion first-quarter profit before payments of preferred dividends to the U.S. Treasury.
I intend to see this through, Pandit told shareholders. The Financial Times newspaper reported that senior Federal Deposit Insurance Corp officials had privately discussed who might replace Pandit if the bank needed more government aid.
At the meeting, Citigroup shareholders are expected to vote on whether to install four new directors, including former U.S. Bancorp
They are also expected to decide whether to reappoint some existing directors who were responsible for oversight as the bank's troubles mushroomed.
Earlier this month, shareholder advisory firm RiskMetrics Group Inc
Citigroup shares were up 22 cents, or 7.5 percent, at $3.16 in late-morning trading, outperforming the KBW Banks index <.BKX>, which was up 2.7 percent.
(Reporting by Dan Wilchins and Jonathan Stempel; editing by John Wallace)