Investment

Citi Overhaul May Reach Top Executives 

The Federal Deposit Insurance Corp. (FDIC) is reportedly pushing for a massive overhaul among top executives at Citigroup [stock C][/stock] as the bank restructures to raise capital. FDIC chair Sheila Bair called for efforts from another regulator to lower the US government’s own confidential rating of the bank’s viability, making room for regulators to more closely control the goings on at Citi, unnamed sources told the Wall Street Journal.