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

Investment Banking Editor

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Citigroup 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.

Citigroup set to cut 50 London jobs as dealmaking slump hits

Citigroup set to cut 50 London roles as dealmaking slump hits

Paul Clarke

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Find out who is on the move in the City and beyond this week

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The UK lender has given the leading compliance job to a 20-year veteran

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

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The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

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The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

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The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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