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Citi Bank Rtgs Form

Citi Bank Rtgs Form

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All right. Time now for a Wall Street beat. We are looking at how Citigroup is using bonuses to buy time as it undergoes a revamp of its wealth business. Bloomberg's Todd Gillespie joins us now with the scoop. So we love to hear about bonuses and it's better if they're bigger. What's the story? Totally. Bankers do as well. And yeah, I mean, basically Citigroup now, you know, as you know, going under a major revamp under CEO Jane Fraser, she's really made the wealth division a key pillar of this turnaround for the bank, which as we know, has lagged Wall Street peers for years since the financial crisis in particular, and has never really been able to find its footing, particularly in the wealth business. Now she's hired Andy Sieg, you know, a very respected manager from Bank of America who ran Merrill Lynch there. He's now been forced to compete with varying, you know, varying interests, varying people leaving the bank, and also a

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