Citigroup Slashes Bonuses Lack Of Trust, Or Lack Of Capital?

Citigroup Inc. (NYSE:C) slashed its investments bonuses in the fourth quarter of 2012. The news comes in the wake of a tough earnings report, which was revealed yesterday. The company’s fourth quarter 2012 results was far below the expectations of investors, and hurt confidence in what had been seen as one of the strongest domestic banks. In a statement today, Citigroup Inc. (NYSE:C) said that bonuses in its European and Asian investment divisions were down by 20% on average, while bonuses in its US based branch of the same division were reduced by an average of 10%. The cuts in bonuses follow similar decisions…