Citigroup plan to have pay rise of up to 50% this year

Troubled banking giant Citigroup Inc. intends to raise its employees’ base salaries by as much as 50% this year to offset smaller annual bonuses, the New York Times reported Tuesday, citing people with direct knowledge of the plan. The change would mean that most Citigroup employees will make as much money as they did in [...]

Citi to go for ‘modest’ trim in S’pore headcount

(SINGAPORE) Citigroup will make ‘modest’ job cuts in Singapore, even as it axes more than 50,000 workers worldwide, a Singapore spokesman for the bank said yesterday.
The group may fire fewer than 300 of the 9,000 or so staff that it has here, Reuters reported, citing an unnamed source.
BT understands that the job cuts will hit [...]