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Citigroup tells UK staff how many roles will be eliminated after flagging cuts in September

Investment Banking Editor

Citigroup has put 250 jobs in its UK operation under review, with some cuts likely, as the Wall Street bank rolls out the next phase of chief executive Jane Fraser's sweeping overhaul.

The US bank told employees in a memo that decisions on which of the 250 roles will fit into its new structure unveiled by Fraser in September will be completed by the first quarter of 2024.

Citigroup to review 250 London jobs as CEO Jane Fraser’s overhaul kicks off

Citigroup to cut 250 UK jobs as CEO Jane Fraser’s overhaul kicks off

Citigroup tells UK staff of changes after flagging possible redundancies in September

Paul Clarke

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European Indexes Fall on Slower U.S. Rate Cut Projections

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