6 big banks, 6 big shake-ups

The mortgage mess has unleashed a restructuring wave as banks try to clean house.

By Grace Wong, CNNMoney.com staff writer
Citigroup
Citi CEO Chuck Prince was forced out after the firm reported massive mortgage-related losses.
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Citigroup
Who's out: Chairman and CEO Charles Prince stepped down Nov. 4 after losses piled up at the firm.

What's shaking: On Dec. 11, Citi named Vikram Pandit CEO and appointed Win Bischoff as chairman. Wall Street is waiting to see what moves Pandit makes to address Citi's pressing problems.

Cause of concern: Citigroup said it expects a reduction of between $8 billion and $11 billion in the fair value of its exposure to the subprime mortgage market.

Citigroup
Merrill Lynch
Bank of America
Bear Stearns
Lehman Brothers
Morgan Stanley
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.