Citi’s trading and investment-banking division plans to
eliminate 150 more jobs while shrinking bonuses by as much as 10 percent,
extending the toll of Wall Street’s revenue slump, two people with direct
knowledge of the decisions told Bloomberg.
The dismissals, which will occur this quarter at the New York-based
firm, will affect businesses including equities trading and underwriting, said
one of the people, who requested anonymity because the plans haven’t been
announced. While bonuses for this year will shrink across the securities and
banking division, which employs about 17,000 people, top performers are likely
to be spared reductions, the people said….
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