World Economy

Citigroup Cut Bonuses

Citigroup  Cut BonusesCitigroup  Cut Bonuses

Citigroup Inc this week cut its bonus pool for fixed-income and equity market traders after market revenues plunged during the last two weeks of the year, Business World reported. Bonuses will be down about 5 to 10% from a year earlier, a source said. As of mid-December, they had been expected to hold steady with the past year.