Bonus pool for Citigroup traders likely to be unchanged from 2013: source

New York

CITIGROUP traders will be spared the full pinch of this year's market slump, while investment bankers won't get bonus boosts as big as their surge in dealmaking.

The year-end bonus pool for the bank's trading business will be unchanged from 2013, according to a person briefed on the matter, even though revenue has been sliding. The investment-banking division will increase rewards by 2 to 3 per cent, short of its jump in revenue, the person said.