Citi Distressed Debt Trading

With Citi's distressed debt trading arm closing, what will happen to Citi's distressed debt research group. Will that group be fully disburst like the trading arm? Curious to hear what does working in the Distressed Debt Research group at a BB within S&T really consist of? How hard is it to get a seat in Distressed Debt Research, Lev Fin Research, HY Research, or Leveraged Loan Research out of school? Which BB's have the best High Yield Research Groups? 

Article: https://www.bloomberg.com/news/articles/2023-12-2…

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