Citi cuts bonuses of the best bankers connected to Turnaround Drive

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Citigroup cut the shareholder’s shareholder back and a focus on increasing the deficiency of the conformity and increasing the deficiency of compliance.

Citi’s so-called conversion bonus program Three years ago, large workers were placed to promote large workers to increase the financial activity of the group and to improve risk and control systems order by regulators To take action after a small profility, which he accidentally received for a group of $ 900 million in a group of hedges.

Citi According to the bank’s documents on Tuesday, 53% of employees in 2024, the third and last year, the third and last year were paid. This was 94 percent in 2022 and in 2023 in 2022.

2024 Payment has risen to return to the life of a total shareholder’s total “transformation bonus” to 68 percent of the bonus program.

The criteria of the payment amount are included in the “timely execution” and “timely execution” and “timely execution” and “timely execution” in response to the agreed to the agreed to the agreement established by the Bank’s Audit Group and agreed in 2020.

According to Tuesday, he does not expect the Bank’s Compensation Committee to continue the bonus program.

Citi’s ongoing operating problems was the bank $ 136 million is fined Since it cannot correct long-lasting problems in risk control and data management in September. Also credited to a customer’s account With $ 81TN When he wanted to send only $ 280 last year – 90 minutes later, a mistake classified as “close abduction” by the opposite and the bank.

In 2024, Chief Executive Jane Fraser’s salary 33 percent amounted to 34.5 mln. In 2024, 34.5 mln. 13% of the salary of the financial head Mark Mason will pay 15.1 million.

Fraser, Citi’s long-lasting operations and profitability problems, by dramatic reorganization of the bank, throwing thousands of employees and prepare several high-level maxals Raghavanthe head of banking.

Raghavan, who joined JPMorgan Chase last year and started working in June 2024, gave the second highest salary among the new employer in 2024 $ 22.6 million, on Tuesdays.

Last year, Citi’s earnings rose to $ 12.7 billion. However, the bank’s financial capital, the main measure of one major gain, 7 percent, 2026 target was behind 11 percent and 11 percent and peers as JPMorgan.