Feb 12 (Reuters) - Citigroup (C.N) said on Thursday it had approved $42 million for CEO Jane Fraser’s 2025 total compensation, up nearly 22% year over year.
The compensation includes $1.5 million of base salary, $6.075 million in cash incentive and the rest in deferred incentives, the bank said. Fraser had received $34.5 million in total compensation in the previous year.
The move follows similar hikes for top bosses at rivals Goldmans Sachs (GS.N) and Morgan Stanley (MS.N) , as the Wall Street giants gear up for what is widely expected to be a bumper year for dealmaking.

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GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

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GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

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GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

Citi CEO Jane Fraser's pay rises 22% to $42 million