Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce of 262,000.
Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.
- Remembering James Gandolfini Wax or Real? 'World War Z' Premiere Scaffold Collapse At Hearst...
- The 67th Annual Tony Awards... Stars Arrive At The 2013 Tony... Funeral For Frank Lautenberg Enterprise Pavilion Update
- Manhattanhenge 2013 Apparent Home Explosion In... President Obama Visits Jersey... Memorial Day 2013
- Shuttle Pavilion Update Tornado Devastates Moore,... Metro-North Derailment Repairs Bridgeport Metro-North Train...