Citi to hire new 500 new bankers

US bank Citigroup is planning to hire more than 500 bankers over the next two years in an effort to catch up with rivals. The bank has lost ground on other Wall Street giants, and will seek to redress its position through a hiring spree. A spokesperson for Citi said: “We plan to hire approximately 500 people as part of a multi-year effort, across all businesses and geographies."