Citigroup Dismantles FX Strategy Team, Cuts Analyst Jobs (3)

Citigroup Inc. has dismantled its global team that provides commentary and analysis on foreign-exchange markets, according to people familiar with the matter.

All jobs within the CitiFX global FX strategy team are affected, although some people may continue to work with Citi in other capacities, according to a person who asked not to be identified discussing personnel matters. Employees in London and New York are leaving the firm.

Citigroup made the change because other parts of the bank, such as its research division, are offering similar services, according to a person with knowledge of the plans.

Separately, Citigroup has ...