Citigroup’s new banking chief Viswas Raghavan gets $41 million in stock

Citigroup hired Viswas Raghavan as its new head of banking earlier this year.

Published on: Jul 12, 2024, 15:18:42 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Citigroup has granted Viswas Raghavan shares worth about $41 million at their current value. Citigroup hired Viswas Raghavan as its new head of banking earlier this year. The 57-yer-old reports directly to Chief Executive Officer Jane Fraser. He got about 623,838 shares, as per a filing by Citigroup whose stock closed at $65.71 apiece on Thursday.

Viswas Raghavan reports directly to Chief Executive Officer Jane Fraser. He got about 623,838 shares, as per a filing by Citigroup whose stock closed at $65.71 apiece on Thursday.

Read more: IREDA share price jumps 17%, surges 26% in five sessions. Here's why

Citigroup shares have rallied 39% in the past year similar to gains at rivals like Bank of America Corp., Wells Fargo & Co. and JPMorgan.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.

Citigroup’s new banking chief Viswas Raghavan gets $41 million in stock

Citigroup hired Viswas Raghavan as its new head of banking earlier this year.

Read more: TCS CEO on Q1 results: ‘We’re happy, can't say company is on growth path again'

Read more: IREDA share price jumps 17%, surges 26% in five sessions. Here's why