Citi Tells Dealmakers to Control Their Drinking at Client Events

Citigroup Inc. dealmakers were told to be disciplined when consuming alcohol at client events after the bank received complaints of unruly behavior, according to people with knowledge of the matter.

In calls late this week, bankers at all levels — from analysts to managing directors — were reminded to keep the firm’s reputation in mind when drinking, said the people, who asked not to be identified discussing confidential information. The senior bankers leading the calls didn’t put a complete curb on consumption of alcohol, noting that drinking in business settings has wide cultural acceptance, the people said.