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DealBook | Tuesday, October 16, 2012

Weeks before Vikram S. Pandit’s surprise resignation on Tuesday as chief executive of Citigroup, the banking giant’s powerful chairman, Michael E. O’Neill, was privately huddling with other board members to plan how to replace him, according to several people briefed on the talks.


The frustrations of the board members had been building. This year the bank was publicly embarrassed when the Federal Reserve indicated Citi was not healthy enough to start paying more money back to shareholders.

DealBook | Tuesday, October 16, 2012

Vikram S. Pandit worked as Citigroup‘s chief executive for just under five years. But during that time, he earned a good deal less than what other Wall Street chieftains made.


There are a number of ways to look at Mr. Pandit’s compensation from 2007 through 2011, according to an analysis that the research firm Equilar performed for DealBook.

DealBook | Thursday, April 12, 2012

The electronic trading platform MarketAxess Holdings is losing Nicolas Rohatyn, a prominent financier who has helped shape the company for more than a decade.

DealBook | Friday, March 25, 2011

Manhattan’s high-end rental market has remained remarkably resilient, rising even amid a nationwide real estate slump. But the investment bank Lazard is still getting a deal on a luxury apartment it rents for one of its directors, Vernon E.

The New York Times | Tuesday, January 18, 2011

Goldman Sachs executives have long been among the most richly paid on Wall Street in the best of times. They are now poised to reap a windfall that was sown in the dark days of the financial crisis in 2008.

DealBook | Friday, April 9, 2010

Here’s another consequence of recent Wall Street pay trends: Some company I.O.U.’s to their top executives are ballooning.

Bloomberg News | Friday, January 8, 2010

The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged.


The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort. 

BusinessWeek | Wednesday, December 9, 2009

At first glance, banks seem to be recovering nicely from the financial crisis. But investors cheered by optimistic earnings reports could soon face a painful surprise.


Many banks appear to be postponing inevitable losses on home-equity loans and commercial mortgages. Others face new trouble in consumer banking, especially credit cards. "Banks know they've got big holes on their balance sheets," says Paul Miller, an analyst for FBR Capital Markets.

BusinessWeek | Thursday, November 19, 2009

From the marbled corridors of Congress to the tony salons of Georgetown, liberal lawmakers are abuzz with ideas on how to rein in U.S. corporations. Yet over in the courts, two conservative lawyers are mounting a serious challenge to a law, enacted earlier in the decade, that imposed tough restrictions on American businesses. A ruling in their favor could deal a serious blow to the pro-regulatory movement in Washington.

BusinessWeek | Tuesday, November 17, 2009

Taxpayers are taking another hit as strapped local governments fork over billions in fees on investments gone bad


Detroit Mayor Dave Bing is struggling to save his city from fiscal calamity. Unemployment is at a record 28% and rising, while home prices have plunged 39% since 2007. The 66-year-old Bing, a former NBA all-star with the Detroit Pistons who took office 10 months ago, faces a $300million budget deficit—and few ways to make up the difference.

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