Citi sets aggressive targets for bankers in wealth management unit
Revised goals involve net revenue and value of assets clients entrust to Citi as business has lagged Wall Street peers
Revised goals involve net revenue and value of assets clients entrust to Citi as business has lagged Wall Street peers

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

Shares in Wall Street bank fall 3% in pre-market trading

Wall Street bank to draw on asset manager’s expertise to oversee $80bn in client assets

Clients with less than £500,000 in assets will be charged £100 a month from June

Talks with private capital firms have focused on operational hurdles for retail customers

FT analysis of 16 funds shows extent of fees paid to banks and brokerages