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Citigroup's Sheldon departs student loan group, preceding word of 17,000 layoffs

A prominent figure in student loan securitization, Paul B. Sheldon, left Citigroup Global Markets just over a week ago, sources confirmed last week. His departure came several days before the investment bank announced a massive cost-cutting campaign.

Sheldon, who joined Citigroup in 1991, was a managing director and co-head...

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