Mortgage

Citigroup comes back from mortgage debt

Citigroup (C) attributes their success after incurring billions of dollars of losses tied to mortgage investments to a profit-sharing plan for company leaders.

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“The Key Employee Profit Sharing Plan helped retain Citi’s key leaders,” the bank said in the filing. “The new CEO, his leadership team, and other key executives remained with the firm and enabled Citi to return to sustained profitability.”

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