UPDATE 1-Citigroup cut CEO Corbat's pay by 10 pct to $13.1 mln in 2014
February 20, 2015 at 10:01 AM EST
Feb 20 (Reuters) - Citigroup Inc cut Chief Executive Michael Corbat's pay by about 10 percent in 2014, a year in which the bank's profit nearly halved due to higher legal costs and a slump in bond trading.