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Tag: Citigroup

Barclays to cut 7,000 jobs by 2016

Barclays to cut 7,000 jobs at its investment bank to revive profit. ...

Citigroup cuts 200 to 300 jobs

US bank Citigroup has cut between 200 and 300 mostly in the global markets business. ...

Ex-Barclays trio charged over Libor allegations

Three former Barclays bankers have been charged over allegations of a conspiracy to manipulate interest rates. ...

Citigroup is cutting 1,000 mortgage jobs

Citigroup is cutting about 1,000 jobs in its U.S. home mortgage business. ...

Wall Street in for bigger job cuts: analyst

Banking analyst Meredith Whitney says she doesn’t see opportunities for banks to improve return on equity through increased revenue alone, making cost-cutting inevitable, including more job cuts – probably to the tune of 50,000 positions to bring headcounts in line with revenue ...

JPMorgan follows Citi, StanChart for Iraq oil

As OPEC’s second-largest producer boosts crude oil output and rebuilds its economy, bankers queue up for business, with JPMorgan Chase following the lead of Citigroup and Standard Chartered to finance infrastructure and support trade finance ...

Six UBS Japan bankers leave, as 7 join equities

UBS joins other big banks in bolstering its equities army in Japan – currently the world’s best-performing major stock market – with seven hires, although investment banking unit sheds four managing directors and two executive directors ...

SMBC Nikko hires Daiwa’s Xiao Minjie for China

Sumitomo Mitsui Financial Group poaches Xiao Minjie, a former economist at Daiwa Securities Group, to focus on China economic research at SMBC Nikko Securities ...

Charge buoys bonus blues

Impressive second-quarter Wall Street revenue a boost to bankers and traders accustomed to annual profit plunge. ...