Hi °C | Lo °C Hundreds more UK bank workers are expected to lose their jobs after US giant Citigroup announced plans to cut 11,000 jobs worldwide.
Citi, which has an IT hub in Belfast, said the majority of jobs will go at its institutional clients group and global consumer banking divisions.
A spokesperson said no posts in Belfast would be affected.
The job losses are the latest redundancies in the financial sector as it battles against the weak economy and increasing regulation.
Royal Bank of Scotland, Lloyds Banking Group and HSBC have all announced job cuts this year.
Citi declined to give a specific figure for UK job losses but it is thought to be in the hundreds.
Citi said it intends to focus on the 150 cities that have the highest growth potential in consumer banking and would be left with more than 4,000 retail branches.
