In Canada, assets under management were up 3% in 2023
Net earnings were down for the company's Canada segment
The firm's Canadian wealth management business generated $77 million in third-quarter revenue
Adjusted net income estimated to drop 30% from previous year
Citigroup said Friday that it's cutting 20,000 jobs, roughly 10% of its workforce
Earnings expectations will need to account for a changing environment
Bank cuts 2% of staff, will revamp its strategic plan
The two dominant themes emerge ahead of an uncertain 2024
The bank expects synergies of US$800 million — up 20% from a previous estimate
CIBC, RBC, Scotiabank and TD have all cut staff this year
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