Citigroup’s new stock-trading chief is cutting jobs in effort to revive the flagging business


A Citigroup Inc. trader works on the floor of the New York Stock Exchange

Michael Nagle | Bloomberg | Getty Images

Citigroup’s new global head of equities trading has cut at least three of his most senior U.S. trading personnel as the firm prepares for broader changes at the flagging business, CNBC has learned.

The bank yesterday informed Jim Everett, the bank’s head of North American high-touch trading, Jason Cuttler, who made derivatives recommendations for hedge funds and pensions, and Bill Power, a regional sales head out of Boston, that their positions were being eliminated, according to

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AXA XL declares carbon management strategy


AXA XL has announced the launch of a carbon management strategy aimed at accelerating the company’s contribution to a more sustainable and less carbon-intensive economy by 2050.

The strategy aligns with AXA Group’s goals and the objectives of the Paris Agreement on climate change. It outlines AXA XL’s commitment to decarbonise its operations in order to reach the goal of limiting global warming to below 1.5 degrees Celsius.

“We’re in the business of building a more resilient planet, and it’s no secret that a changing climate and its impacts on the environment presents our industry with a range of challenges

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3 Reasons Investing in Employee Resilience Pays Off


A new study shows how resilience boosts your bottom line. Plus, three questions to ask yourself about resilience.

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Opinions expressed by Entrepreneur contributors are their own.

At a personal level, we’ve all experienced how essential it is to be able to bounce back in the face of adversity. But while resilience is obviously desirable for us as individuals, business owners and entrepreneurs might be surprised to learn that building resilience throughout their organization can have a clear positive effect on

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Disney leads companies announcing layoffs; big airline job cuts loom


An employee cleans the grounds behind the closed gates of Disneyland Park on the first day of the closure of Disneyland and Disney California Adventure theme parks, in Anaheim, California, on March 14, 2020.

DAVID MCNEW | AFP | Getty Images

A number of job cuts have been announced in the last 24 hours as companies grapple with the ongoing impact of the coronavirus pandemic.

On Tuesday Disney said it will lay off 28,000 employees across its parks, experiences and consumer products divisions amid prolonged closures at its California-based theme parks as well as limited attendance. According to a statement,

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