Citi raises salaries for CFO, global markets head

Citigroup Inc. said its chief financial officer and co-head of global markets are getting raises, while CEO Vikram Pandit will continue to collect a salary of $1 per year.

Citigroup, based in New York, faces restrictions on executive compensation because it received $45 billion in government bailout money after the peak of the credit crisis last fall. Salary caps for top executives were recently set by the Obama administration's pay czar, Kenneth Feinberg, for Citi and six other companies that received big bailouts.