Dublin staff were told last month that 168 Irish roles were at risk as part of a global cost-cutting initiative
Citigroup
The best news, analysis and comment from The Irish Times business desk
Wall Street banking giant is shedding jobs globally as part of cost-cutting initiative
Redevelopment of Citi’s current European headquarters to include public viewing gallery known as the Liffey Experience on 16th floor
Loan loss provisions have thinned even as regulators highlight risks in commercial real estate market
US bank employs 2,500 people at operations in the State
Pan-European Stoxx 600 suffers third consecutive day of losses
Earnings are expected to have shrunk in last quarter of 2023 due to unpaid debts and impact of high interest rates
Some 60,000 jobs shed by world’s biggest banks in one of worst years for cuts since financial crisis
Collectively, the big Wall Street banks cut at least 30,000 staff in 2023 with more cuts expected next year
Secure-transaction technology has yet to make significant inroads into traditional banking sector
The Citi sandwich case shows why some rule-benders get a lot more sympathy than others
Earnings growth trails rivals but lender buoyed by strong performance in investment banking and sales and trading
US bank defies expectations of falling profits with 2% increase in net income
British medicines group and US rival Pfizer have both committed to selling down stakes over time to fund core pharma operations
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