NEW YORK] Citigroup cut payouts to hundreds of top executives in the final round of a three-year special bonus program that ...

Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory issues.

Citigroup Inc. cut payouts to hundreds of top executives in the final round of a three-year special bonus program that tied their compensation to the bank’s progress on risk and regulatory ...

In the third annual installment, the “Transformation Bonus Program” paid out 68% of the target for 2024 to about 250 senior employees, according to a proxy filing Tuesday. That compares with 94% for ...

The murder of George Floyd nearly five years ago prompted many wealth managers to recommit to diversity, equity and inclusion ...

Scottish-born Fraser has made stamping out operational ... Last month, Citi CFO Mark Mason said the bank is investing more to address its compliance issues, referring to regulatory penalties ...

Citi stock benefitted from higher tariffs under Trump 1.0. Wells Fargo is convinced this time is not going to be any different.

His successor, Jane Fraser, has prioritized strengthening ... citing rising regulatory costs. Finance chief Mark Mason said at the time that Citigroup is increasing investments to address ...