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Citigroup cuts dozens of jobs across investment-banking unit

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A dealmaking slump continues to weigh on Wall Street’s biggest banks. Read more.

The cuts impacted staffers globally within the investment-banking group, which includes its capital-markets arms, according to people with knowledge of the matter who asked not to be identified because the information is private.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

U.S. banks have been hurt by the dramatic slowdown in investment banking as the volatility that spurred gains for trading also weighed on capital markets and asset management. Investment-banking fees at Citigroup, led by Chief Executive Officer Jane Fraser, plummeted 64 per cent in the third quarter.Article content

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