Citigroup's wealth unit has greenlit special retention bonuses for dozens of personnel this year as the Wall Street giant looks to prevent more bankers from leaving, Bloomberg News reported on Monday.

More than a year after welcoming industry veteran Andy Sieg, the Wall Street giant is under more pressure than ever to resolve organizational dysfunctions and deliver on promised growth.

As Citigroup revamps its wealth business, it's unveiled a new strategy to keep top bankers from leaving--dishing out special retention bonuses for dozens of personnel. Bloomberg's Todd Gillespie breaks down the story on "Bloomberg Open Interest.

Citigroup has greenlit special retention bonuses for hundreds of personnel this year as the Wall Street giant looks to prevent more bankers from leaving, Bloomberg News reported on Monday.