Citigroup cut investment bank bonuses by 30 percent: report

Fri Jan 27, 2012 8:23pm EST

(Reuters) - Citigroup (C.N) has cut bonuses for its investment banking division by about 30 percent on average, Bloomberg said, citing a person briefed on the matter.

Some businesses within the securities and banking unit had bonuses reduced by as much as 70 percent, Bloomberg reported.

Citigroup was not immediately available for comment.

(Reporting by Abhiram Nandakumar in Bangalore; Editing by Steve Orlofsky)

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Comments (1)
ThePeakOilPoet wrote:
Show’s how totally uneducated the who lot of them are.

If they ha read even the most rudimentary book on what we have learned from neuroscience they would know that the figure 30% telegraphs that they are both uneducated but definitively greedy.

If they had been educated and smart they would have edged towards 60%

totally ignorant people run the biggest most powerful institutions in the world

isn’t it amazing

Jan 27, 2012 8:57pm EST  --  Report as abuse
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