Citigroup to give some employees $1000 as coronavirus spreads
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(Reuters) - Citigroup Inc will provide more than 75,000 employees globally with a special compensation award to help ease the financial burden of the coronavirus pandemic, Chief Executive Michael Corbat told staff in a memo seen by Reuters.In the United States, $1,000 (863 pounds) will be provided to eligible colleagues who make $60,000 or less in base salary, while elsewhere the special award will be based on local market compensation levels, Corbat said in the memo on Monday.Citi aims to make..