Earnings at Citigroup's global corporate and investment banking division were $919 million, up just 2 percent from a year earlier.
Its investment banking division generated a pretax profit of $10.5 billion - three times what it made in 2008.
Many large commercial banks have therefore developed investment banking divisions through acquisitions and hiring.
Wall Street executives said yesterday that between 40 and 50 people were discharged from the investment banking division.
He eventually became vice chairman and head of the firm's global investment banking division.
The 2,000 lost jobs will include about 750 members of the firm's investment banking division, reductions that were reported last week.
Costs at the investment banking division, meanwhile, soared just as the stock market bubble began to burst.
He joined the company's investment banking division as a general partner in 1968.
Bonuses in the investment banking division have exactly nothing to do with personal or commercial lending.
He was also a member of the investment banking division's operating committee.
Earnings at Citigroup's global corporate and investment banking division were $919 million, up just 2 percent from a year earlier.
Its investment banking division generated a pretax profit of $10.5 billion - three times what it made in 2008.
Many large commercial banks have therefore developed investment banking divisions through acquisitions and hiring.
Wall Street executives said yesterday that between 40 and 50 people were discharged from the investment banking division.
He eventually became vice chairman and head of the firm's global investment banking division.
The 2,000 lost jobs will include about 750 members of the firm's investment banking division, reductions that were reported last week.
Costs at the investment banking division, meanwhile, soared just as the stock market bubble began to burst.
He joined the company's investment banking division as a general partner in 1968.
Bonuses in the investment banking division have exactly nothing to do with personal or commercial lending.
He was also a member of the investment banking division's operating committee.
