Citi Expense Accounts Frozen

Downwardly Mobile

But top executives will get bonuses after all.

Published Jan. 2 2009 12:57AM EST

cheats/2009/01/02/citi-expense-accounts-frozen/citi-expense-accounts-frozen_tmf7fn — Mark Lennihan / AP

A freeze on bonus payments for Citigroup’s top brass is not the only condition attached to the US government’s $45 billion bailout loan to the troubled bank.

Citi Expense Accounts Frozen

But top executives will get bonuses after all.

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