Citi to cut traders' bonuses after a weak year-end
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New York
CITIGROUP Inc reduced the bonus pool for fixed-income and equities traders and salespeople after their division's lacklustre performance in the final weeks of the year, according to a person briefed on the matter.
The bonuses will drop 5 per cent to 10 per cent on average, said the person, who asked not to be identified discussing compensation.
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