Citigroup

The fresh round of cuts amounts to 5% of dealmaker headcount in the UK

The pilot programme of 27 investment banking analysts is set to expand into other functions

The US-headquartered bank is looking to close the gap on its Wall Street rivals

Frank will be based in Frankfurt and reports to Paul Gibbs and Uday Malhotra

Banks mull office-space loan exposure as they prepare for a slow boil

Citigroup and Deutsche Bank admitted to their involvement in the unlawful activity

The world's largest investment banks have set ambitious targets to bolster Black representation since the death of George Floyd and the resurgence of Black Lives Matter in 2020. This has yet to feed through to the senior ranks

Consello was started by Declan Kelly, who had been chief executive of advisory firm Teneo until 2021

Dealmakers will see the biggest decline in variable compensation as activity remains subdued

The Wall Street bank already eliminated 1,800 jobs in December alone

Blockchain update opens the door to crypto investing for a larger pool of banks and asset managers