Citigroup raised CEO Jane Fraser's total compensation to $34.5 million in 2024, an increase of one-third over the previous year, and she will continue to drive the Wall Street bank's higher return plans. Most of Fraser's compensation is paid in the form of equity-linked rewards, which is higher than the $26 million previously received in 2023. This is the biggest salary increase among the CEOs of a major US bank. Of her new total compensation, nearly $11.6 million is in deferred interest payment stocks and $16.5 million in performance stock units, according to Tuesday's regulatory filing.

Citigroup raised CEO Jane Fraser's total compensation to $34.5 million in 2024, an increase of one-third over the previous year, and she will continue to drive the Wall Street bank's higher return plans. Most of Fraser's compensation is paid in the form of equity-linked rewards, which is higher than the $26 million it received previously in 2023. This is the biggest salary increase among the CEOs of a major US bank. Of her new total compensation, nearly $11.6 million is in deferred interest payment stocks and $16.5 million in performance stock units, according to Tuesday's regulatory filing.