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WASHINGTON — The U.S. pay czar is expected to cite 17 financial firms for making more than $1 billion in “ill-advised” payments during the height of the financial crisis, according to people familiar with the matter.
Kenneth Feinberg, the Obama administration’s special master for compensation, is expected to release a report today detailing payouts that firms made as they were receiving government bailout money. Among the firms he’s expected to name are Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citigroup Inc.
