Citigroup set to cut 50 London jobs as dealmaking slump hits
The fresh round of cuts amounts to 5% of dealmaker headcount in the UK
Citi is set to cut around 30 within its investment bank and a further 20 from its corporate banking unit
Getty ImagesCitigroup is planning around 50 job cuts within its London-based investment and corporate banking units as large firms continue to trim dealmaking teams amid slumping fees.
The US bank is set to cut around 30 within its investment bank and a further 20 from its corporate banking unit in the UK, according to people familiar with the matter....
