Citi paid ex-JPMorgan banker $52M despite allegations of bullying, abusive behavior: report
Citigroup hired former JPMorgan banker Viswas Raghavan as head of banking in February 2024 and awarded him a $52 million compensation package shortly after he was informed of his departure from JPMorgan. Raghavan had faced years of internal complaints at JPMorgan over alleged bullying, offensive language, and intimidating behavior, which led to disciplinary actions including a pay cut. Despite the controversy surrounding his conduct, Raghavan has been credited with helping improve Citigroup's investment banking performance and is seen as a potential successor to CEO Jane Fraser.
- ▪Viswas Raghavan was hired by Citigroup as head of banking in February 2024, just days after being told he had no long-term future at JPMorgan Chase.
- ▪He faced multiple internal complaints at JPMorgan over years, including allegations of berating staff, using offensive language, and making inappropriate remarks, leading to a pay reduction.
- ▪Citigroup awarded Raghavan a $52 million pay package to join, without disclosing to shareholders that he had already been pushed out of JPMorgan.
- ▪Some JPMorgan senior bankers had raised concerns about Raghavan’s leadership style, with some threatening to quit and complaints reaching CEO Jamie Dimon.
- ▪Since joining Citigroup, Raghavan has been credited with boosting the bank’s investment division, attracting talent and driving record revenues.
Opening excerpt (first ~120 words) tap to expand
Business Citi paid ex-JPMorgan banker $52M despite allegations of bullying, abusive behavior: report By Ariel Zilber Published April 30, 2026, 9:53 a.m. ET A star banker was handed a staggering $52 million pay package by Citigroup just three days after being told he was out of a job at rival JPMorgan Chase — where he had faced years of complaints accusing him of abusive behavior, according to a bombshell report. Viswas Raghavan was hired by Citigroup in February 2024 as its head of banking, just days after JPMorgan Chase told him he had no long-term future at the firm, according to the Financial Times. Raghavan was not immediately available for comment.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at New York Post.
Discussion
0 commentsMore from New York Post
