Getting your player ready...
NEW YORK — Embattled banking giant Citigroup spent about $3.5 million to provide rewards for top-performing advisers at its Smith Barney brokerage unit. The payments are in lieu of three trips Citi usually plans for its top revenue- generating advisers in the division.
Those trips were canceled as Citi cuts costs amid the economic downturn. Citi said none of the money from the government investment is being used for the rewards.
