Citi cuts fewer than 100 positions in mortgage-lending business as market slows

Sep. 03, 2022 11:17 PM ETCitigroup Inc. (C), WFCBy: Gaurav Batavia, SA News Editor12 Comments

Following the footsteps of other banks and mortgage companies, Citi (NYSE:C) cuts fewer than 100 positions to address slow down in housing market amid rising interest rates.

“Citi has made a small number of staffing reductions within our mortgage team due to internal

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