Financial services giant Citigroup Inc. said Tuesday it would cut 10,400 jobs, or 6 percent of its global work force, and take a restructuring charge of $900 million.
Financial services giant Citigroup Inc. said Tuesday it would cut 10,400 jobs, or 6 percent of its global work force, and take a restructuring charge of $900 million.
Fortunately for Citi, it's not all that bad. The bank turned a profit in the first quarter (albeit dubiously), and the big hires with guaranteed bonus checks should pay off in terms of real ...
Citigroup names co-presidents. ... naming co-presidents on Monday. ... Forese will be responsible for all of Citi's institutional businesses, and Medina-Mora will continue to oversee global ...
Citigroup's stock slid 4.26 percent Monday, the day after the company abruptly announced that Jamie Dimon, 42-year-old president and heir apparent to co-CEO Sandy Weill, is leaving the group.
Blemished Citigroup Brand Needs Makeover. ... designed to mirror the movements of a remote human operator, could be used in health care ... but 8 of 10 private workers don't have access to it 22H ...
On Friday, Citi announced that it lowered its 2013 earnings by $235 million, saying it was a victim of fraud committed by Mexican oil services company Oceanografia S.A. de C.V., or OSA.
Richard Parsons, who was named chairman of Citigroup in 2009 just after the bank accepted $45 billion in federal bailouts, will step down from the position, the bank said Friday
The NRA argues against Florida's new gun law "As the weeks pass after the most recent mass shooting, it appears we are stuck in the same cycle of tragedy and inaction," Ed Skyler, a Citi ...
Citigroup Takes Over Record Label EMI From London Private Equity Firm ... but came suddenly more than a month before Terra Firma Capital Partners Ltd. officially defaulted on roughly 3.4 billion ...
Citigroup Hit in Online Bank Heist ... The threat was initially detected by U.S. investigators who saw suspicious traffic coming from Internet addresses that had been used by the Russian Business ...
Citigroup Inc. said Monday it is repaying $20 billion in public bailout money, freeing the banking giant from the close scrutiny and pay restrictions that came with the rescue program. The ...
Although some news outlets are downplaying Citigroup's crummy quarterly results this morning, make no mistake -- they indicate a banking company in severe distress. Although Citi reported a net ...
Shareholder vote sends powerful message of discontent to Citi's leadership ... Citigroup investors give thumbs down to exec pay. April 18, 2012 / 8:20 AM / AP ... and will be in office until 2024 ...
Discover has agreed to pay Citi $600 million, or $30 per share, for Student Loan Corp. Discover also will acquire $4.2 billion of private student loans from Student Loan Corp.
Citigroup to Exit TARP, but Remains Shaky. By Alain Sherter ... President Obama sternly tells the country that "did not run for office to be helping out a bunch of ... along with keeping Citi from ...
Citigroup hopes to flood China with credit cards ... to the bank's earnings. To this end, Citi CEO Vikram Pandit has made the push into China and other emerging markets, such as Brazil and India ...
Fannie Mae's close ties to some leading Democrats and its so-far $75.2 billion bailout have made it a political lightning rod. Congress created the FCIC last year to examine the causes of that crisis.
Citigroup fires research analyst over Facebook leak. ... Citi fired the young research analyst about a month ago, after Galvin's office had started its investigation. The case was unusual compared ...
Citigroup to sell Japan retail bank unit to SMBC. December 25, ... Citibank said its customers will be able to use Citi's global banking networks after the deal is complete -- a key concern for ...
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