Citigroup fired most employees at its real estate investment banking team in Asia after slumping property prices stifled share sales and acquisitions in the industry, three people familiar with the matter told Bloomberg News. The New York-based bank dismissed at least five people two weeks ago, the people said, declining to be identified because they aren't authorised to discuss the matter publicly....
Citigroup
Citigroup has come out to clarify that Singapore will not be significantly affected by the group's global layoffs. At a news briefing on Friday, it said that as far as Singapore is concerned, it expects the attrition rate to stay normal. No bonus cuts are expected and staff will still be paid salary increments. Citigroup said that overall, Asia including Singapore is positioned for good growth. Like...