FDIC's Bair Pressures Citi: Get Your House In Order

FDIC's Bair Pressures Citi: Get Your House In Order

Tough words from Washington arrived by phone on Tuesday at Citigroup headquarters in New York.

On the line was Sheila C. Bair, the head of the Federal Deposit Insurance Corporation - and a powerful behind-the-scenes player at the giant bank. She was calling to press directors once again to put Citigroup's troubled house in order.

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