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Citigroup Cuts Dozens of Jobs Across Investment-Banking Unit

  • Bank eliminated jobs globally from the division this week
  • Wall Street rivals have reduced headcount amid deal slump
Bloomberg business news
Citi, Barclays Join Rivals in Investment-Banking Job Cuts
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Citigroup Inc. eliminated dozens of jobs across its investment banking division this week, as a dealmaking slump continues to weigh on Wall Street’s biggest banks.

The cuts impacted staffers globally within the investment-banking group, which includes its capital-markets arms, according to people with knowledge of the matter who asked not to be identified because the information is private.