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Citigroup CEO Jane Fraser says it is ‘repacing’ dealmaker investments
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Citigroup chief executive, Jane Fraser, said the bank is "repacing" investments within its dealmaking unit after expected revenue growth has not emerged.
Fraser, speaking at the Goldman Sachs US financial conference, said that its investment banking unit was likely to be down by 60% compared to an "extraordinary" period for dealmaking last year.
"On...
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