Citi board names Jane Fraser as chair and awards her $25mn bonus
Roles of board leader and CEO will be reunited in move to underscore her leadership amid radical overhaul
Roles of board leader and CEO will be reunited in move to underscore her leadership amid radical overhaul

Pay bump makes her among the best-paid CEOs at a Wall Street bank

Chief executive Jane Fraser is pushing through bank’s biggest restructuring in more than a decade

Bank stood by Andy Sieg, a potential successor to CEO Jane Fraser, after investigation by law firm Paul Weiss

Much of their time is spent appeasing and aligning competing forces

Former HSBC executive will succeed Shriti Vadera

Fewer restrictions on financial sector pay following changes by central bank