Citi, Barclays Join Rivals in Investment-Banking Job Cuts

The video discusses the current slump in investment banking and capital markets, highlighting job cuts at major banks like Citigroup and Barclays. It notes a significant slowdown in IPOs compared to 2021. The discussion extends to broader trends, with banks making cuts before year-end bonuses and evaluating bottom performers. The video also explores future challenges and potential rehiring in 2023, with a focus on the impact of underwriting fees and the situation at Credit Suisse.

What are the current trends in investment banking and capital markets as discussed in the text?

How many jobs are being eliminated within Citigroup and Barclays globally?

What was the amount of global listings around this time last year compared to now?

What measures are banks taking before the year-end bonus period?

What challenges is Credit Suisse facing according to the text?