Citi will resolve the conflicts between research and investment banking, file its financial reports sooner, allocate public offerings more fairly, project gains in pension funds more conservatively, treat stock options as an expense, and insist that structured transactions be more clearly disclosed.

ECONOMIST: Citigroup: Passing the buck | The

Now that doesn't mean they can't bring in the private sector for investment, for modernisation, to improve project management, but that's got to be done under public control.

BBC: News Online