Citigroup to ‘recalibrate’ investment banking section

For years, Citigroup has been beefing up its investment bank, including through hires in sectors like energy, biotechnology and healthcare, Mason said. — Bloomberg

NEW YORK: Citigroup Inc chief financial officer Mark Mason says his firm will adjust headcount in its investment banking division as necessary as it continues to look for ways to boost profits.

For years, Citigroup has been beefing up its investment bank, including through hires in sectors like energy, biotechnology and healthcare, Mason said in an interview with Bloomberg Television.