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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Uma Rajagopal

    Posted on February 21, 2024

    Featured image for article about Top Stories

    Citigroup raises CEO Jane Fraser’s 2023 pay by 6% to $26 million

    By Tatiana Bautzer

    (Reuters) -Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million for 2023, the lender said in a filing on Tuesday.

    Her pay was comprised of a base salary of $1.5 million, cash bonus of $3.7 million and $20.8 million in deferred performance-linked stock, according to the filing.

    Fraser’s compensation was determined by her execution of “the most consequential set of changes to its organizational and management model since the 2008 financial crisis” and the sale of international businesses, the bank’s board wrote.

    While “recognizing that there is substantial additional work to be done,” the board cited Fraser’s work on fixing problems in risk management to address regulatory punishments that date back to 2020.

    Among peers on Wall Street, JPMorgan Chase CEO Jamie Dimon’s compensation climbed 4.3%, while Morgan Stanley’s former CEO James Gorman got pay bump of 17% and Goldman Sachs CEO received an increase of 24%.

    (Reporting by Pritam Biswas in Bengaluru and Tatiana Bautzer in New York; Editing by Shailesh Kuber and Lananh Nguyen)

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