Citigroup aims to pay its key staff bonuses - Business - Evening Standard
       

Citigroup aims to pay its key staff bonuses

Citigroup was today in talks with Washington over paying special bonuses to key employees including its energy traders in London.

The bank, ordered to curb bonuses after it was bailed out by the US government with $45 billion (£31 billion) of taxpayers' cash, wants to sidestep the pay restrictions for staff at its legendary energy-trading unit Phibro.

Citi is concerned Phibro, which has made hundreds of billions of dollars for the bank and has offices on Duke Street in St James's as well as in the US, Ireland and Singapore, will be ripped apart if it can't keep key staff.

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