Citigroup CEO Jane Fraser's pay rises to $42 million after banner year

Core Insights - Citigroup has approved a total compensation of $42 million for CEO Jane Fraser for 2025, marking an increase of nearly 22% from the previous year [1] - The increase in compensation follows a successful year for Citigroup, with the stock rising 65.8% and outperforming peers and bank stock indices [1] - The compensation package includes a base salary of $1.5 million, cash incentives of $6.075 million, and the remainder in deferred incentives [1] Company Performance - Citigroup reported record revenues across its core businesses, which contributed to the decision to increase Fraser's compensation [1] - The company has made significant progress in regulatory compliance, which is expected to enhance its focus on profit growth after years of intensive compliance work [1] Industry Context - The compensation increase for Fraser aligns with similar hikes for top executives at rival firms such as Goldman Sachs and Morgan Stanley, indicating a trend among Wall Street giants in anticipation of a strong year for dealmaking [1]