Citigroup is reportedly cutting hundreds of jobs this year — another sign the slump in trading is here to stay
“This wont be the last trading-related job cuts story,” an analyst told Bloomberg.
Why Citi's trade business is surging amid Trump trade wars, Brexit
China's voracious soybean demand has shifted from the US to South America. Thanks to its global network, Citi is making money off the disruption.
Big banks say huge tech spending is starting to pay off in savings
Top-flight tech is crucial to staying competitive in banking. Execs are assuring investors the billion-dollar budgets are being well spent.
Citigroup expects to save $500 million thanks to tech investments
Citigroup seeing significant cost reductions from its $8 billion annual tech budget, resulting in as much as $600 million in net savings this year.
Stock markets are shrinking, and it's probably bad news for you
The US stock market has de-equitised, a fancy term that basically means companies are buying more shares than they are issuing, every year since 2011.
Drug testing for marijuana: What Wall Street banks test employees？
Many big banks will be impacted by a new law in New York City that bars employers from forcing job applicants to take drug tests for marijuana use.
