Citigroup shareholders have voted down the bank's $15 million pay package for its chief executive, Vikram Pandit. It's the first time that stock owners have united in opposition to outsized compensation at a major bank. Is this a new era of bank backlash? Eleanor Bloxham is the CEO of The Value Alliance, a board advisory firm, and Peter Morici is a macroeconomist and professor of international business at the University of Maryland. He is also the author of several books, including "Antitrust in the Global Trading System."

Bank of America and Goldman Sachs are scheduled to release their earnings reports for the third quarter today. Yesterday, Citigroup reported a 74 percent rise in their earnings and Wells Fargo reported a 21 percent increase, and last week JP Morgan reported a 4 percent fall in profits. Morgan Stanley and U.S. Bancorp are expected to release their reports on Wednesday.

Citigroup has reached a $75 million settlement with the U.S. Securities and Exchange Commission for misleading investors about the extent of its holdings in sub-prime mortgage investments. This follows the SEC's investigation into several banking practices during the financial crisis and their record settlement with Wall Street giant Goldman Sachs.

Citigroup announced its earnings this morning, ending a three-quarter profit streak with a $7.6 billion loss during the final three months of 2009. This as consumers still struggled to repay loans and the bank managed to repay its government bailout money.