Deals
Citigroup Said to Plan 350 Job Cuts in Securities Division
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Citigroup Inc., the third-biggest U.S. bank, plans to cut about 350 additional jobs this year from the securities division, which includes investment banking and trading, according to a person with knowledge of the matter.
The reduction equals about 2 percent of the unit’s staff, according to the person, who asked for anonymity because the changes haven’t been publicly announced. The bank previously disclosed plans to eliminate 1,200 jobs from the division.