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Citigroup could axe 15,000 jobs to appease investors

| Findory News

New Zealand Herald: NEW YORK - Citigroup, the global banking giant, is readying a round of cost cuts that could result in as many as 15,000 job losses and a US$1 billion-plus bill for redundancy pay-outs and other charges.The restructuring...


Citigroup Restructures, Eyes Outsourcing

Wed, 28 Mar 2007 13:00:00 EDT | NPR News Headlines

Citigroup may cut 15,000 jobs as part of a restructuring plan involving the out-sourcing of mid- and upper level jobs in research, investment banking and credit analysis to India.


Citigroup Plans to Expand in China (AP)

Thu, 29 Mar 2007 04:59:12 GMT | Yahoo! Finance

Citigroup Inc. plans to expand its securities business and branch network in China this year after being included in last week's first group of banks approved to incorporate locally, Chief Executive Charles Prince said Thursday.


Citigroup Wants to Expand in China (AP)

Thu, 29 Mar 2007 14:00:31 GMT | Yahoo! Finance

Citigroup Inc. plans to expand its securities business and branch network in China this year after becoming one of the first banks approved to incorporate locally, Chief Executive Charles Prince said Thursday.


World Business Briefing | Asia: China: Citigroup Plans Expansion

| Findory News

New York Times: Citigroup plans to expand its securities business and branch network in China this year after becoming one of the first banks approved to incorporate locally, its chief executive, Charles O. Prince III, said. Citigroup plans to expand its network in China from 16 offices to 30 and will aim at markets ...


Rumors Swirl Around Citigroup Overseas M&A Activity (SeekingAlpha)

Fri, 30 Mar 2007 11:03:56 GMT | Yahoo! Finance

Citigroup is at the center of the rumor mill this morning. After CEO Charles Prince discussed possible M&A activity by his bank in China yesterday, head of Citi's German operations, Sue Harnett, said the bank had its eyes open for a good buying opportunity.


Shareholders of Nikko Cordial Start a Campaign to Force Citigroup to Raise Its Offer

Tue, 03 Apr 2007 23:08:20 EDT | New York Times

The campaign would force Citigroup to raise its takeover offer of $13.4 billion for the firm, placing sell orders in the market at a higher price.


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