Citi Shareholders Vent at Meeting

Investor activism has ramped up within the financial services sector as the subprime mortgage crisis unfolded into a full-blown consumer-led recession. Last week, WaMu succumbed to shareholder pressure by changing the way it calculates top executive's cash bonuses this year by including credit-specific targets, which were originally left out. In addition, director Mary Pugh, one of the two directors blamed for WaMu's missteps as the housing crisis worsened, resigned just hours before the Seattle thrift's annual meeting.

Shares of Citi rose fractionally on Tuesday.