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Citi to pay allowance to compensate for limited bonuses

Published on: Tuesday, September 2, 2014 by Paul Stanbridge

Citigroup Inc. has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times reported, citing several people. . .

http://uk.reuters.com/article/2014/09/01/uk-citigroup-bonuses-idUKKBN0GW11P20140901

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