Citi raises UK bonus limit to six times base salary, following JPMorgan and Barclays.

Citigroup has lifted the bonus limit for its top UK bankers and traders, allowing them to earn a bonus up to six times their base salary. This follows similar decisions by JPMorgan Chase and Barclays, who increased the bonus cap to ten times the base salary. The change comes a year after the UK lifted its cap as part of efforts to make post-Brexit Britain more attractive as a financial center.

August 14, 2024
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