Citigroup will have cut 5,000 jobs by the end of the month, mostly in investment banking and trading, after a prolonged slump in dealmaking.
The bank, which is still struggling to regain its footing more than a decade after the financial crisis, has already dismissed thousands of employees since the start of the year. A person familiar with the cuts said hundreds more were expected to be told by the end of June that their jobs have been eliminated.
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