It's a good thing Citigroup repaid that $20 billion it owed the U.S. government on December 14. If it hadn't, some people might be a tad ticked off to hear that on December 30, the bank paid John Havens, Citi's investment banking chief, $9 million for his stellar work in 2008, making him the broken bank's highest-paid employee for the year. [WSJ]

The painful cost-cutting at Citigroup continues. The company is now asking bankers and traders to refrain from making color copies and print out internal presentations on both sides of the page. Oh, and unless you're eating with a client, you can forget about expensing your lunch. The official word was sent out to Citi employees by John Havens, Citi's head of investment banking (left), two weeks ago. Thanks to Dealbook, you can gloss over the memo in its entirety after the jump.