City Board names Jane Fraser chair and awards $25 million bonus

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Rola Calaf of H.T.

Citiquaup holds the position of chairman of the board of directors of Bank of America, and in monitoring his leadership position, he takes control of his fourth position and unlocks a one-of-a-kind bonus of $25 million.

Fraser He became the CEO in 2021. John Dagen will continue to serve as chairman and CEO from 2019 when the bank splits. From 2019 From 2019 It was since.

Currently, the most recent director of the city, the islands, is basically held. “Jane’s deliberate bankruptcy plans have created a simpler and more focused bank with meaningful stock value.”

US companies were manufacturers compared to many other intelligence Let the CEOs live They are responsible boards. Incorporating the two roles is familiar to the Bank of America and Workman Bosch in Japangagan Stanley’s beloved Japanese streets and models.

Fruit Board Appointment In July, CEO Charlie Shirley will be appointed chairman of the board.

Fraser’s appointment comes two years after Scotland’s chief executive revealed In the year More than ten years of rehabilitation have been completed to rehabilitate the bank, which was dragged behind its peers by the financial crisis of 2008.

Last year, the third-largest US bank said it would cut 20,000 jobs – more than 10 percent of its workforce – as it agreed to take more control of the workforce.

The bank will begin to pay from 11 percent to 12 percent to 10 percent to 12 percent per month in order to meet its target for return on equity – a key profitability metric.

Citi shares are up more than 50 percent from last year, their highest level since the financial crisis.

Net income trading, including investment banking and wealth banking and wealth banking and wealth management, rose 16 percent in the third quarter in the third quarter. The common equity of the institution is 7 percent to 8 percent in 2024.

The last time she held the role of chairman and CEO was Citi Eles in 2011. Beginning in 2003, Prince Charles In 2006, the chair was designed.

This story has been updated to correct the date on which the CEO and the chairs will pay the role.