**Citigroup says it will repay $20bn of US bailout funding. The move marks its exit from the US government’s Troubled Asset Relief Program (TARP).**Theoretically, it means it can now avoid pay restrictions on its top 100 employees.
Avoiding pay restrictions could help the bank attract and retain employees, who in turn could help bring the long-ailing bank back to full health.
The bank said it owed American taxpayers “a debt of gratitude”.