Citigroup raises Jane Fraser’s pay to $42mn
Pay bump makes her among the best-paid CEOs at a Wall Street bank
Pay bump makes her among the best-paid CEOs at a Wall Street bank

Roles of board leader and CEO will be reunited in move to underscore her leadership amid radical overhaul

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

CEOs each earned more than $40mn as gap with median bank worker set to widen further

Head of the Wall Street lender’s US retail bank will become its chief financial officer in March

Employees will be paid directly for generating business instead of sharing revenue between the group’s units