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Citigroup layoffs target declining stock-trading business

Reuters: Financials

Fri, 30 Nov 2012

NEW YORK, Nov 30 (Reuters) - One-third of the 150 employees fired in Citigroup's investment bank this week were in the cash equities unit, which had been struggling with an industrywide decline in trading volumes, two people familiar with the layoffs said Friday.

Read the rest of this article on Reuters: Financials

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