Citi to Cut Hundred of Trading Jobs–Proof That Industrywide Slump May Be Here to Stay

Citigroup Inc. is preparing to cut hundreds of jobs in its trading division — stark new evidence that an industrywide slump in revenue this year may be more permanent than the tweets and policy moves rattling clients. The New York-based bank plans to slash jobs across its fixed-income and stock-trading operations over the course of […]