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Citigroup Said to Mull Raising Junior Banker Salaries About 20%

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Aug. 20 (Bloomberg) -- Citigroup Inc., the third-biggest U.S. bank, is considering whether to increase salaries for some junior bankers by about 20 percent, according to a person with knowledge of the matter.

The move would affect analysts and associates at the New York-based firm, which hasn’t yet decided what regions would be covered, the person said, requesting anonymity because the deliberations are confidential.

To contact the reporter on this story: Dakin Campbell in New York at dcampbell27@bloomberg.net

To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net David Scheer

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