Tom Braithwaite In Washington And Francesco Guerrera In New York

Stories by Tom Braithwaite In Washington And Francesco Guerrera In New York

Citi directors face growing pressure to resign

Citi directors face growing pressure to resign

Rediff.com   14 May 2009

Citigroup came under growing pressure to overhaul its board on Tuesday after it revealed that two long-serving directors survived a shareholder vote largely thanks to a balloting rule that is due to be scrapped.

US reveals sweeping regulatory overhaul

US reveals sweeping regulatory overhaul

Rediff.com   27 Mar 2009

Obama administration wants to force a wide range of large financial institutions to hold more capital as part of a sweeping regulatory overhaul

Letter reveals AIG paid bonuses early

Letter reveals AIG paid bonuses early

Rediff.com   26 Mar 2009

AIG paid more than $40m in controversial retention bonuses to staff at its troubled financial unit in December, three months ahead of schedule, according to the resignation letter of an executive at the insurance group.

GE chief warns on US depression threat

GE chief warns on US depression threat

Rediff.com   7 Feb 2009

The US economy is suffering its steepest downturn since at least the 1970s and could descend into a depression, Jeff Immelt, General Electric's chief executive, warned on Thursday.

Morgan, Merrill chiefs under pressure

Morgan, Merrill chiefs under pressure

Rediff.com   11 Dec 2008

The top executives at Merrill Lynch and Morgan Stanley, led by their chief executives John Thain and John Mack, will not receive bonuses this year amid growing pressure on Wall Street leaders to share the pain of the financial crisis.

Man in the news: Vikram Pandit

Man in the news: Vikram Pandit

Rediff.com   25 Nov 2008

But Citi's woes might call for more visionary and charismatic leadership than he can offer.