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citigroup [10] |||cautionary tale for Barclays and ABN Amro, the European banks that are negotiati

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Citigroup to slash 17,000 jobs (Reuters)

Wed, 11 Apr 2007 14:36:46 GMT | Yahoo! Finance

Citigroup Inc. on Wednesday said it will eliminate 17,000 jobs, or about 5 percent of its workforce, in a broad restructuring designed to cut costs, boost profit, and bolster a lagging stock price.


Citigroup's bloat carries lessons for Barclays and others (FT.com)

Wed, 11 Apr 2007 17:20:45 GMT | Yahoo! Finance

Here is a cautionary tale for Barclays and ABN Amro, the European banks that are negotiating a merger. Citigroup has discovered just how difficult it is to manage a megabank.


Citigroup to Cut 17,000 Jobs (AP)

Wed, 11 Apr 2007 18:49:04 GMT | Yahoo! Finance

Under pressure from investors to contain burgeoning costs, Citigroup Inc., the nation's largest financial institution, announced that it will eliminate about 17,000 jobs, shift 9,500 positions to "lower cost locations" and consolidate some corporate operations.


Money managers see long-term turnaround possible for Citigroup

| Findory News

Marketwatch: SAN FRANCISCO -- While still hoping for a turnaround at one of the world's biggest financial giants, money managers say any change in fortunes at Citigroup Inc. is likely to involve a lengthy process.


Citigroup to Cut 17,000 Jobs (AP)

Wed, 11 Apr 2007 20:42:44 GMT | Yahoo! Finance

Under pressure from investors to contain burgeoning costs, Citigroup Inc., the nation's largest financial institution, announced that it will eliminate about 17,000 jobs, shift 9,500 positions to "lower cost locations" and consolidate some corporate operations.


Citigroup to slash 17,000 jobs, cut $4.6 bln costs (Reuters)

Wed, 11 Apr 2007 20:22:33 GMT | Yahoo! Finance

Citigroup Inc. said on Wednesday it would eliminate 17,000 jobs, or about 5 percent of its workforce, in a broad restructuring designed to cut costs, boost profit, and bolster a lagging stock price.


Citigroup Cuts Include 6 Percent of N.Y. Staff

Wed, 11 Apr 2007 16:36:00 EDT | NPR News Headlines

Citigroup announces a sweeping overhaul of its operations as it tries to reduce costs under pressure from investors. The financial services giant, which employs more than 325,000 people around the world, is cutting around 16,000 jobs. While some cuts will likely come from attrition, some jobs may be shifted overseas.


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