In Lieu of Bonuses, Citi Gives I-Bankers 50% Raises

By Harry Kimball, Newser Staff

Posted Jun 24, 2009 12:38 PM CDT

(Newser) – Citigroup will raise salaries for investment bankers and traders as much as 50% to offset a steep falloff in bonus pay and keep the company’s compensation package competitive, Bloomberg reports. Other employees, like those in the consumer banking section, will receive smaller raises. Citi,... Read full story »

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Citigroup • executive compensation • salary • Citibank • investment bankers • bonuses • stock options • financial crisis • Wall Street bailout • traders • raise

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In Lieu of Bonuses, Citi Gives I-Bankers 50% Raises

Citigroup • executive compensation • salary • Citibank • investment bankers • bonuses • stock options • financial crisis • Wall Street bailout • traders • raise

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More Newser Stories

Wall St. Bonuses Are Down, but Hardly Out

Even giants taking a federal handout set aside millions for execs

Wall Street Weighs Huge Bonuses Vs. Public Wrath

Small signs of restraint as bonus season begins with record profits

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$23B is galling, but at least the bank is sensible: Sorkin

TARP-Funded Banks Kept Awarding Bonuses

Firms paid more than they made: Cuomo

Wall St. Looks to Skirt Bonus Limits With Padded Salaries

Attempt to skirt new rules could anger shareholders

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