Banking Monitor

Citigroup, BofA CEOs and Peers Notch a Record Payout in 2025

The complete cohort of top banking executives earned more than $40 million each last year.
Jane Fraser, chief executive officer of Citigroup Inc.Photographer: Qilai Shen/Bloomberg
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The comp figures are in for the big US banks, and it’s a clean sweep: With Citigroup’s Jane Fraser and Bank of America’s Brian Moynihan taking home $42 million and $41 million respectively, the complete cohort of top executives earned more than $40 million each last year, making 2025 the best year for pay since the financial crisis.