Citigroup (C) cut 2011 bonuses in its investment banking division by ~30% on average and cut...

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

Citigroup (C) cut 2011 bonuses in its investment banking division by ~30% on average and cut some by as much as 70%, Bloomberg reports, joining Morgan Stanley, Goldman Sachs, Bank of America and other big banks in reining in compensation.