Citi Plans Hundreds of Trading Job Cuts

The video discusses the broad-based job cuts expected across City Bank's trading divisions due to a tough first half for trading on Wall Street. City Bank is under pressure to cut costs to meet profitability targets, unlike other banks. The video compares City Bank's actions with Deutsche Bank's drastic job cuts and speculates on future strategies of other banks, including potential redundancies and consolidations.

What are the expected job cuts across the trading divisions mentioned in the text?

How does the city's cost-cutting measures compare to other Wall Street banks?

What key measures for profitability are mentioned in relation to the city's targets?

What drastic action has Deutsche Bank announced, and how does it relate to the overall trend in the industry?

What factors might influence how different Wall Street banks approach job cuts?