Citigroup has elected chief executive Jane Fraser as chair of the US bank’s board of directors and is paying her a one-off $25 million (€21.5 million) bonus, underscoring her leadership position atop the lender as it pursues a radical overhaul. Photograph: Patrick T Fallon/Getty

Citigroup has elected chief executive officer (CEO) Jane Fraser as chair of the US bank’s board of directors and is paying her a one-off $25 million (€21.5 million) bonus, underscoring her leadership posit

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