Citigroup to cut 20,000 jobs, posts $1.8 billion loss in 'disappointing' quarter
The lender will reduce its global workforce of 239,000 by 20,000 - or roughly 8% of staff
Source: gulfnews.com
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Baystreet.ca - Citigroup Settles ahead of Q4 Results
Citigroup (NYSE:C) warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s reorganization came in far higher than disclosed by the company’s CFO just weeks ago. The bank said its fourth-quarter ...
Source: baystreet.ca
Citi swings to $1.8 billion loss on slew of charges
Jan 12 - Citigroup on Friday reported a $1.8 billion loss for the fourth quarter as it recorded charges to refill a government deposit insurance fund and carry out...
Source: marketscreener.com
Citigroup swings to US$1.8-billion fourth-quarter loss on slew of charges
Citi reported the loss due to $3.8-billion in charges disclosed in a filing on Wednesday
Source: theglobeandmail.com
Citigroup Layoffs: Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
Source: ndtv.com