Vikram Pandit is still working out a rescue plan that would turn over as much as 40% of his bank to the U.S. government. The question is whether he will manage to hold onto his job.

No team of rivals, this. Top members of the president-elect’s economic team - Timothy Geithner, Lawrence Summers and Peter Orszag - are all proteges of former Treasury Secretary Robert E. Rubin, one of the Democratic architects of the financial deregulation undertaken in the Clinton years.

Timothy Geithner, the president of the New York Federal Reserve Bank, is expected to be tapped by President-elect Barack Obama to be the next secretary of the U.S. Treasury, reports NBC News.