Citigroup 'to pay half of bonuses in shares'
11 April 2012
Citigroup, which employs thousands of bankers in Canary Wharf, aims to pay as much as 50% of 2010 employee bonuses in shares, according to reports today.
The bank had paid 40% of its bonus in shares last year, Bloomberg reported.
The percentage of stock awards may vary among employees, three people familiar with the matter told the agency.
Citigroup spokeswoman Danielle Romero-Apsilos declined to comment on the size of the bonus pool.
The bank could not immediately be reached for comment.
