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Citigroup Reportedly Plans To Cut Hundreds Of Trading Jobs

(RTTNews) - Citigroup Inc. (C) is planning to cut hundreds of jobs in its trading division as revenue declines, Bloomberg reported citing people familiar with the matter.

The New York-based bank plans to cut jobs across its fixed-income and stock-trading operations over the course of 2019. That includes at least 100 jobs in the equities unit, which would amount to almost 10% of the division's workforce, the report said.
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