Vikram Pandit, Citigroup’s chief executive, is expected to tell a government panel overseeing the bailout program on Thursday that the bank owes a “large debt of gratitude” to American taxpayers for stabilizing it with billions of dollars of federal aid. In a statement prepared for delivery before the Congressional Oversight Panel, Pandit stops short of a formal apology and does not highlight the specific errors that Citigroup executives made in the run-up to the financial crisis. But his testimony tries to turn the page on the bank’s past and get ahead of fierce questioning from the five-member committee. Pandit thanks the government and taxpayers for their $45bn in aid from the Troubled Asset Relief Program, or TARP. “This investment built a bridge over the crisis to a sound footing on the other side, and it came from the American people,” Pandit says in his prepared remarks. “Citi owes a large debt of gratitude to American taxpayers.”