Citigroup has asked US Treasury for permission to pay special bonuses and is looking for ways to free an energy-trading unit from government restrictions, reports the WSJ. Vikram Pandit, Citi’s CEO, asked US Treasury secretary Tim Geithner earlier in April if it could pay stock-based “retention” bonuses to employees but the government has yet to decide. It is unclear how much Citi would pay out if the request is approved.

This entry was posted by Gwen Robinson on Wednesday, April 29th, 2009 at 5:32 and is filed under Capital markets. Tagged with citi. Edit this entry.