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Citi to take $400m expense hit as it cuts 1,600 jobs this quarter
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fnlondon.comCitigroup is set to take a one-off hit of $400m as it pushes through its latest round of job cuts.
As the bank prepares to shed more than 1,600 roles over the quarter, expenses including severance are set to come in hundreds of millions of dollars higher than the previous quarter, chief financial officer Mark Mason told a 14 June Morgan Stanley conference in New York.
As...
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