Report: Citi to overhaul capital markets biz
The capital markets group will be be organized geographically instead of along product lines, according to The Wall Street Journal.
Citigroup Inc. plans to overhaul the structure of the capital markets business within its investment bank, an unidentified source said, according to The Wall Street Journal’s website.
Under the new structure, the capital markets group, which includes the New York-based company’s equity and fixed-income traders, is expected to be organized geographically instead of along product lines, the source said.
The change could be announced internally next week, the website reported.
Citigroup representatives didn’t return a call seeking comment.
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