Announced Activity In Market Is Slower: Friedland

AI Summary

Citigroup is shortening the time investment-banking analysts must wait to advance to associate, aiming to recruit and retain talent amid competition from buyout firms. Citi investment-banking executive David Friedland also discussed slower market activity on Bloomberg.

David Friedland, co-head of North America investment banking at Citi, joins Dani Burger on "Bloomberg Deals." Citigroup is slashing the time its investment-banking analysts need to wait to advance to associate level, part of a push by the bank to attract and retain top talent in a fierce job market that’s seen buyout firms poach aggressively from Wall Street. (Source: Bloomberg)