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Citi to fast-track promotions for junior bankers

Original: citi

Citigroup is set to shorten the promotion path for junior bankers, according to the Financial Times, as competition for talent among Wall Street and City firms intensifies. The move is aimed at retaining younger staff as rivals step up hiring and pay, with the story drawing attention in the US, Australia and the UK.

Why now: The banking industry is in a heated war for junior talent, and Citi's policy change is a notable competitive response.

CitigroupFinancial Times

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