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

Citi’s profits rose 37 per cent last year to $12.7bn. But the bank’s return on tangible common equity, a key measure of ...

Citigroup (C) reduced bonus payments to about 250 senior employees last year, delivering only 68% of the expected amount in ...

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 ...

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

Dipendra Malhotra, former head of analytics, AI and data at Morgan Stanley's wealth unit, will help drive technology ...

The payouts were designed to tie top managers’ compensation to Citigroup’s progress on improving risk and controls. The program was intended to link pay with the execution of remediation plans, ...

Citigroup (C) plans to significantly cut its use of information technology contractors, while adding thousands of IT workers ...

Citi tapped Dipendra Malhotra ... The regulatory penalties stemmed from a 2020 Federal Reserve Board consent order that found the bank’s risk management and internal controls lacking.

On the regulatory front, directors noted that the bank has closed a 2013 consent order related to money laundering ... and the Federal Reserve fined Citi $400 million for risk and data failures.