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Citi Discontinues Global FX Strategy Team in Latest Job Cuts
Citigroup, one of the largest financial services providers, has dismantled its global team of foreign exchange markets analysis, cutting some of its analysts’ jobs, Bloomberg reported on Thursday, citing people familiar with the matter. According to a source who spoke to Bloomberg and requested not to be identified discussing human resources matters, all the jobs in CitiFX Strategy are involved, although those affected may proceed to work in other divisions of the bank. Besides, Citi has also disbanded its Latin America corporate bond trading team due to low liquidity and reduced issuance, the outlet disclosed in a ... (full story)