Richard Parsons news from FierceFinance

We've noted before that Citigroup stands to be the lone bank, in which the government holds a large stake. The others--with the possible exception of Bank of America--all seem to be on track to pay... Read more...

At Citigroup's annual shareholder meetings, there were plenty of taunts and insults, and not all of them well-thought out. But it made for some interesting theater, as painted by the AP. Chairman... Read more...

Citigroup has certainly tinkered with its board--most notably by installing Richard Parsons as chairman and nominating four new directors to be voted on at the April 21 meeting. But not all... Read more...

One of the government's first moves when it assumed its influence at Citi was to make sure the company strengthened its board. It just proposed four independent directors: Jerry Grundhofer, retired... Read more...

As expected Richard Parsons will replace Win Bischoff as chairman of the Citi board. The move presages some huge changes on the board of Citi, which has been roundly criticized for Citi's long,... Read more...

It didn't take long for the speculation game to start once Robert Rubin announced he would step off the Citi board. The view is that the government is pressing Citi to shake up its board and replace... Read more...

In the end, there was no way Charles Prince could survive as Citigroup CEO. Many wonder how he lasted so long. The fate of Stanley O'Neal, in an odd way, focused attention on why the Citigroup board... Read more...