Michael Corbat takes charge at Citigroup (C) where bonuses are said to be cut by as much as 10%,...

|About: Citigroup Inc. (C)|By:, SA News Editor

Michael Corbat takes charge at Citigroup (C) where bonuses are said to be cut by as much as 10%, and another 150 jobs will be eliminated from the securities and banking division, reports Bloomberg. The bank had previously announced 1,550 cuts for that unit (currently employing about 17K).