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By Reuters Staff 2 Min Read FILE PHOTO: Citigroup Latin America CEO Jane Fraser addresses a Brazil-U.S. Business Council forum to discuss relations and future cooperation in Washington, U.S. March 18, 2019. REUTERS/Erin Scott (Reuters) - Citigroup Inc’s incoming chief executive officer Jane Fraser said on Tuesday she has decided to form a new global operating team to build accountability among its top leaders. “A key element of our Transformation work is to hold our business leaders accountable not only for the performance of their own teams, but for how we collectively operate our firm a...

Share this article Share this article WASHINGTON, Jan. 28, 2021 /PRNewswire/ -- Lloyd W. Brown, II, Corporate Community Reinvestment Act officer for Citigroup, has been elected chair of The Executive Leadership Council (ELC), the preeminent global membership organization for Black current and former CEOs, senior executives, and board members of Fortune 1000 and equivalent companies, top-tier entrepreneurs, and global thought leaders. The ELC's purpose is to open pathways of opportunities for senior Black executives to positively impact business and society. The organization works to increase...

Morgan Stanley and Goldman Sachs Group Inc. investment bankers are getting the biggest bonus bumps among peers in Asia after revenue from the region climbed by about a third on increased deal flows.

Dive Brief: Morgan Stanley gave CEO James Gorman a 22% compensation boost in 2020, to $33 million from $27 million, the bank reported in a filing Friday. With that jump, he passes JPMorgan Chase CEO Jamie Dimon among the best-paid bank CEOs. Dimon's $31.5 million in 2020 compensation remained unchanged from the previous year, JPMorgan reported Thursday. Gorman's compensation breaks down to a $1.5 million salary, a $7.875 million cash bonus, a $7.875 million deferred equity award and a $15.75 million equity award that converts to shares only if the bank meets its board's targets for return on...

Author Bio Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko Like most of the megabanks in 2020, Citigroup (NYSE:C) struggled as it faced high credit costs and the ultra-low-rate environment brought on by the coronavirus pandemic. The bank also dealt with and continues to deal with regulatory issues related to its internal controls over compliance, data, and risk management. In the back ha...