Citigroup (C) continues to scale back, with Daniel Baily - the head of its European telecoms...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) continues to scale back, with Daniel Baily - the head of its European telecoms business - stepping down immediately amid lame business volume. His role will be taken over by Citi's European M&A chief.