Topic: Citigroup Inc.

Four financial innovations for a new generation

While financial innovation is often associated with nearly toppling the international economic system, some entrepreneurs are preparing a different breed of financial tools.

Wall Street pay cuts ordered by Treasury

The Treasury Department is ordering pay cuts for top executives at the seven big companies that have yet to pay back government bailout cash. The US public has balked as such firms have handed out huge bonuses.

The Monitor's View: Pay cuts at bailout companies: a real-life test case

The move makes for good politics, but is it good business?

Opinion: Societies don't have to be secular to be modern

An interview with Francis Fukuyama, author of 'The End of History and the Last Man.'

Bank of America's Ken Lewis takes pay cut, but no one follows

Although CEO Ken Lewis agrees to a $0 pay package, don't expect a wholesale revolution in executive compensation on Wall Street.

Money Daily Brief: GE earnings drop

Bank of America, Halliburton and General Electric all posted third quarter losses.

Foreclosures rise. Big banks show profits. How can that be?

The bailouts helped the banks, but they're also benefiting from improvements in the housing market and overall economy.

JPMorgan earnings show 'too big to fail' banks getting bigger

JPMorgan Chase's surging earnings show that many of the biggest US banks are becoming more powerful. What happens if they get in trouble again?

Money Daily Brief: US bailout beneficiaries expand in Asia

Guest blog: Feeding a vegan and a carnivore at the same table?

Money Daily Brief: Jobless claims rise; personal income also up

Jobless claims rose last week; personal income and expenditures increased during August.

For Alan Grayson, a liberal rebel, 'die quickly' was tame

Rep. Alan Grayson said the Republican healthcare plan was for sick people to 'die quickly.' He is bringing a new style of raw confrontation to Congress.

ECONOMIC SCENE: US begins crackdown on CEO pay. Will it work?

In 1965, CEOs of major US firms made 24 times an average worker’s pay. By 2004, that ratio was 431 times.

The Monitor's View: The Senate must not give Bernanke a free pass

In reconfirming the Fed chief, his past mistakes and potential actions on inflation need better public scrutiny.

Indictment of card hacker unlikely to end thefts

Accomplices to the crimes are believed to be on the loose in Russia or other countries where U.S. authorities are less likely to get them.

Banks slow to modify mortgages

The Bank of America modified just 4 percent of eligible home loans, says a new government report aimed at prodding banks to do more to prevent defaults.

For banks, some good news (finally)

In earnings reports released this week and last, the four major US banks are showing signs of improvement.

Is US poised to bail out another financial institution?

CIT is one of America’s largest lenders to small businesses. It also made many subprime mortgage loans and is now seeking US assistance.

What will spur California to solve its budget crisis?

Major banks say they won't honor IOUs that the state has issued. That could increase pressure on lawmakers – but it might not be the decisive factor.

Cost of government bailouts headed down, but they'll still be huge

The nonpartisan Congressional Budget Office figures taxpayers will lose about $159 billion from bailouts of the financial and auto industries.

View from Europe: Obama tough enough on Iran

If US president is too supportive of protests, he turns them into a 'Western plot,' say analysts.

Opinion: More women in finance, a more sustainable economy

If one-third of corporate board members had been women, Wall street might have avoided a meltdown.

One goal of Obama's 'sweeping overhaul': prevent another AIG

The plan seeks to contain the risk of large-firm failure. It would also give regulators alternatives to costly AIG-style bailouts.

Regulatory revamp for lending industry

Next up for new regulation: The Obama administration plans to reform securities at heart of the economic crisis.

The Monitor's View: How government must influence executive pay

Treasury Secretary Geithner is on the right track – mostly.