Best capitalized bank on the Street just makin' good on it's word!
Citigroup Inc, a U.S. bank that has received $45 billion from taxpayers since October, is paying multimillion-dollar guaranteed bonuses for salesmen and traders it has hired in London, people familiar with the matter said.
The bonuses in London will be largely in cash, some as high as $2 million to $3 million, and a senior Citigroup trader in New York told a recruiter he was willing to hire with cash bonuses in the United States, the recruiter said, asking not to be identified because of a client confidentiality agreement.
Earlier: In Dick Parsons' Humble Opinion, Citi Is Pretty Much The Best Capitalized Bank On The Street, Inching Closer Every Day To Pandit's Goal Of Becoming The Best Company In World, Bar None
Citi Guarantees Bonuses For London Hires [Reuters]