They will be easy pickings for other banks that have the ability to pay more, recruiters said. "There's good intentions there, but from a competitive standpoint it would put Bank of America and Citigroup in a precarious position when it comes to keeping heads of fixed income and heads of investment banking" Mr. Moskowitz said. “It's like a gift to the non-TARP banks.” Mr. Elson said the moves also send a clear signal that the government doesn't care about the returns of other shareholders in companies like Citigroup, where the government's stake is only about one-third.
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