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

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 ExchangeMichael Nagle | Bloomberg | Getty ImagesCitigroup'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 people with direct knowledge of the cuts.All three were managing directors, the coveted top title on Wall Street that typically comes with the most responsibilities and biggest bonuses.The moves are just the first steps that Fater