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Citigroup Exclusive: Reduced Investment Banker Bonuses Explained

Citigroup has recently implemented a significant change in its compensation structure, reducing bonuses for its senior investment bankers by up to 20%.

Citigroup was formed in 1998 following a merger between Citicorp and Travelers Group. Photo: Shutterstock
Citigroup was formed in 1998 following a merger between Citicorp and Travelers Group. Photo: Shutterstock

This adjustment is part of a larger strategy shift led by CEO Jane Fraser and aims to streamline the company’s operations.

The bonus cuts, affecting directors and managing directors within the investment banking sector, vary between 15% and 20%.

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