10:32 AM EST, 11/25/2024 (MT Newswires) -- Citigroup's ( C ) has approved special retention bonuses for dozens of personnel to prevent them from leaving during the company's turnaround, Bloomberg News reported Monday, citing an interview with wealth unit head Andy Sieg.

Sieg reportedly said that their actions are part of a growth strategy, noting that before his appointment, the company lacked a unified wealth strategy.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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