Page 17 - Michael Corbat News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two months since a shakeup at citi ousting former c. E. O. , vikram ...

Apple. Liz apple has an 18 waning. If they continue their slide, looking ahead about 1 today, but if apple continues a pretty dramatic slide, watch this etf, you could suffer bigger losses. David nicole talk about bank of america. Seeing a bump topping 10, the first time thats happened since july 2011. Whether it is directly related to what happened to citi, almost 8 jump, but they may be something going on with bank of america by itself. We will look into exclusively in the next hour. Liz the biggest copper producer taking a dive today after saying something that usually helps the company. Th...

And the need to slim down is not unique to citi; its industry wide. A financial industry runs into huge problems. It happened in the 30s, and it happened in the last five years. When you go through these periods, you go through a lot of change. That industry is now trying to figure out what is the right size of the industry. Reporter still, economists say citis action today is not the start of a new wave of mass layoffs across corporate america. The nations job market may not be robust, but its not frozen, either. In fact, today, the payroll firm a. D. P. Reported 118,000 new private sector jo...

And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two months since a shakeup at citi ousting former c. E. O. , vikram ...

In Corporate America . Tom im tom hudson. President obama tries to win over top business leaders, warning republicans are holding the Global Economy hostage over the fiscal cliff. Susie and apple shares get of the most widely owned stocks sees heavy trading. Tom that and more tonight on n. B. R. Susie big job cuts today at one of the nations biggest banks. Citigroup announced its slashing 4 of its staff; that works out to 11,000 jobs worldwide. The cuts will save the bank more than 1 billion a year in expenses. But they wont be cheap, resulting in a billiondollar charge against fourthquarter e...