VIKRAM PANDIT

The Federal Reserve is charting a course for more stringent capital reserve requirements for the largest banking institutions in the U.S., in line with new international rules representing the Basel III accord.

Police in riot gear arrested two dozen people on Tuesday as protesters with a huge inflated rat sought to disrupt a Wells Fargo & Co annual shareholder meeting to express anger over foreclosures, executive compensation and corporate taxes.

Richard Parsons, who chaired the Citigroup Inc board that lost a shareholder vote this week on executive compensation, said on Thursday that directors had failed to adequately explain to investors the methods they used to determine pay packages.

Citigroup Inc shareholders gave a vote of no confidence to the bank's executive compensation plan on Tuesday, dealing a surprise embarrassment to Chief Executive Vikram Pandit.

Citigroup Inc posted stronger-than-expected first-quarter results as bond trading and underwriting revenue jumped compared with the 2011 fourth quarter.

While some athletes want to be paid to play in the Olympics, others are simply appreciative of being able to compete.

Citigroup Inc's quarterly profit beat Wall Street estimates as the third-largest bank cut expenses and benefited from an improved economy and more active capital markets after a dismal end to 2011.

Citigroup Inc. (NYSE: C) kicked off Monday morning by announcing underwhelming first-quarter earnings that narrowly missed analyst expectations on both profit and revenue. The New York-based banking giant reported earnings of $2.93 billion, or 95 cents per share on revenues of $19.41 billion. Earnings a year ago had been reported as $3 billion, or $1 a share, on revenues of $19.73 billion. Analysts had expected earnings to be flat from year-ago results.

Citigroup's first-quarter earnings beat Wall Street estimates as expenses fell 7 percent from the 2011 fourth quarter.

Citigroup Inc's first-quarter profit beat Wall Street estimates as expenses fell 7 percent from the 2011 fourth quarter.

Citigroup Inc reported lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets.

Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.

Shares of Citigroup (NYSE: C) fell more than 4 percent Wednesday after the Federal Reserve said the No. 3 U.S. bank flunked a “stress test” of its financial viability.

New York is the most competitive city in the world, according to a new survey by Citigroup and the Economist Intelligence Unit.

The fiscal downturn has hit Wall Street executives where it hurts most --their wallets -- and locales dependent upon their income rank as collateral damage.

Citigroup Inc. Chief Executive Vikram Pandit received a total compensation of $14.9 million for 2011, which includes salary, cash bonus and deferred stock.

Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest U.S. bank company paid Pandit $14.86 million in 2011, compared with a salary of $1 and no bonus in 2010, according to a filing with the Securities and Exchange Committee.

Citigroup Inc. announced Friday that Richard Parsons would quit as chairman of the firm at its annual meeting in April and Michael O'Neill, the former chief executive of Bank of Hawaii Corp, would succeed him.

Richard Parsons will step down as chairman of Citigroup Inc. at its annual meeting in April and be succeeded by Michael O'Neill, the former CEO of the Bank of Hawaii Corp., Citigroup said on Friday.

Terri Dial, a former senior executive of some of the world's largest banks and one of the leaders of Citigroup's post-crisis restructuring, has died.

Citigroup Inc., the third-biggest U.S. bank, said it may consider further spending cuts in its securities and banking unit in 2012 after an investment of almost $1 billion failed to yield meaningful revenue.