Citigroup Offers Partial Early Bonuses to Encourage Staff Departures
- Bank is making the offer to a limited number of employees
- CEO Jane Fraser is leading bank’s biggest overhaul in decades
Citigroup Inc. is offering to pay some staffers a portion of their bonuses early if they agree to depart as executives continue with their restructuring of the Wall Street giant.
The bank is making the offer to a limited number of staff, according to people familiar with the matter. In addition to the bonus awards, employees who accept the offer would also be allowed to keep all of their deferred stock awards, the people said, asking not to be identified discussing personnel information.