Citigroup's Top Three Executives Decline Bonuses

On Tuesday, Citigroup declared a quarterly dividend of 1 cent per share -- all that is allowed under its agreement with the federal government. The bank's last dividend payment in November was 16 cents per share, which was half of its 32-cent payout in the previous quarter.

While Citigroup's problems persist, it has begun taking big steps to return to profitability.

Upon reporting a loss of $8.29 billion for the fourth quarter, Citigroup said Friday it is reorganizing into two units: Citicorp and Citi Holdings. The first will focus on traditional banking around the world, while the second will oversee the company's riskier assets and tougher-to-manage ventures.

Citigroup shares gained 87 cents, or 31.1%, to $3.67 Wednesday.