HONG KONG, March 27 (Reuters) - Citigroup Inc ( C/PN ) has
laid off at least 10 people in its equities research department
in Asia Pacific this week, two sources with knowledge of the
matter said, as the bank pushes through the last phase of a
sweeping global overhaul.
The bank, which has hundreds of employees in its equities
research unit in the region, notified the impacted staff earlier
this week, said the sources, who declined to be named as they
were not authorised to speak to the media.