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Citigroup (C) began a new round of job cuts Monday among senior managers as part of a sweeping reorganization of the country’s third-largest bank announced two months ago.The cuts amount to ...
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. "The fourth quarter was very ...
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price.. About 20,000 employees will be let go over the “medium term,” New ...
Business Today is a television business news programme produced by BBC News and shown on BBC News Channel and BBC One on weekdays. Each edition lasts 25 minutes. The 05:30 edition is also seen on BBC One and the 11:30 edition also airs on BBC Two during their simulcasts of BBC News Channel.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City.The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and Travelers; Travelers was spun off from the company in 2002.
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup posted a smaller-than-expected drop in profit for the third quarter as debt underwriting propped up investment banking results.
BBC News provides television journalism to BBC network bulletins (on BBC One and BBC Two) and programmes as well as the BBC News Channel available around the world and in the United Kingdom. BBC News runs BBC Radio 5 Live and BBC World Service as part of its rolling news coverage, journalists and presenters also contribute to podcasts produced ...
Citigroup CEO Jane Fraser is betting a dramatic restructuring can revive the lender's stock price and remove decades of bloat.On Friday she disclosed how deep those cuts will go. The New York bank ...