Citigroup Said to Plan 70 Job Cuts Across London Trading Units

  • Bank said to plan reduction of 200 back-office jobs in region
  • Firm has said trading revenue probably fell in first quarter

It Won't Be a Good Quarter for Banks, Here's Why

Citigroup Inc. is planning to cut staff in London as it seeks to trim costs to compensate for lower trading revenue, according to people familiar with the matter.

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