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Citi is slashing hundreds of trading positions and merging its equities and prime, futures and securities services businesses into a new division.
Citigroup is readying layoffs in the hundreds for its equity and fixed-income trading and operations staffs due to shrinking revenues from trading, according to media reports. The bank is also consolidating its equities and prime, futures and securities services (PFSS) businesses into a new division, the Equities and Securities Services (ESS) group, that will offer...
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