Shareholders approve Citigroup executive pay scheme
Citigroup shareholders on Tuesday cast 95% of their votes in support of the bank’s compensation plan for top executives, after the bank cut CEO Michael Corbat’s 2016 pay by 6% to $15.5m. (WSJ)

European rescue fund raises record €6bn
Europe’s bailout fund European Financial Stability Facility on Tuesday raised €8bn by selling two long-dated bonds, including a new 10-year paper that garnered a record €6bn, according to Dealogic. (FT)