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tdp2664 E money daily Citigroup Inc. (NYSE:C) has started a round of layoffs within its London investment banking division. Citigroup Inc. (NYSE:C) Begins Layoff Round As part of the company's plan to axe 4,500 jobs in the coming months, Citigroup Inc. (NYSE:C) has started layoffs in its London investment banking division. The bank will eliminate some positions in its mergers and acquisitions advisory, equities and foreign exchange divisions. The bank has already informed some bankers about the cuts. A spokesman for Citigroup Inc. (NYSE:C) said, "As part of our ongoing efforts to control expenses, we are making targeted headcount reduction in certain business and functions across Citigroup Inc. (NYSE:C)". Citigroup Inc. (NYSE:C) shares are currently standing at 29.83. Price History Last Price: 29.83 52 Week Low / High: 21.4 / 51.5 50 Day Moving Average: 28.11 6 Month Price Change %: -19.0% 12 Month Price Change %: -35.4%
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