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April 15, 2007
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Citigroup To Shed 50,000 More Jobs
Mon, 17 Nov 2008 12:12:00 -0500 | NPR News Headlines
The financial meltdown continues to take a toll on some of the nation's big banks. Citigroup announced on its Web site Monday that it is cutting at least 50,000 jobs. CEO Vikram Pandit said the cuts will come from both direct layoffs and the sale of business units. Citigroup has already cut 22,000 jobs this year.
NY AG urges Citigroup execs to forego bonuses (AP)
Mon, 17 Nov 2008 19:13:29 Etc/GMT | Yahoo! Finance
New York Attorney General Andrew Cuomo says Citigroup executives should forgo their bonuses this year after the company announced massive layoffs.
Citigroup plans 50,000 job cuts in latest jolt to Wall Street (at MarketWatch)
Mon, 17 Nov 2008 19:03:00 Etc/GMT | Yahoo! Finance
Citigroup plans to cut about 50,000 jobs, representing 20% of its global workforce, in the most dramatic round of layoffs seen to date in the battered U.S. financial sector.
Citigroup to shed another 53,000 jobs (AP)
Mon, 17 Nov 2008 18:18:48 Etc/GMT | Yahoo! Finance
Citigroup Inc. is shedding approximately 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt.
U.S. financial giant Citigroup to cut another 53,000 jobs
Mon, 17 Nov 2008 12:52:00 -0500 | CANOE Money
NEW YORK - Citigroup Inc. is shedding approximately 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt.
Fri, 21 Nov 2008 13:00:00 -0500 | NPR News Headlines
Citigroup weathered the first wave of bank failures, but may have to put itself up for sale now. Wall Street Journal reporter David Enrich discusses why Citigroup is in trouble.
Citigroup CEO Weighs Company's Options
Fri, 21 Nov 2008 08:37:00 -0500 | NPR News Headlines
The financial crisis is closing in on Citigroup. The banking colossus has more than 200 million customers around the world. But investors are increasingly worried about Citigroup's financial condition. Its share price tumbled more than 25 percent Thursday. CEO Vikram Pandit is weighing his options, including selling off parts of the company or selling the whole company. Citigroup lost half its value this week and is trading at levels not seen since the mid-1990s.
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