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citigroup [9] ||| (AP) - Citigroup Inc., the largest U.S. financial institution, said Wednesday i

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Citigroup settles with Thomson

| Findory News

Financial Times: Citigroup has agreed severance terms with Todd Thomson, who was sacked as head of its wealth management arm in January, as the group prepares to announce a shake-up plan involving the loss of more than 15,000 jobs.


Citigroup cutting 17,000 jobs

Wed, 11 Apr 2007 08:10:00 -0400 | CANOE Money

NEW YORK (AP) - Citigroup Inc., the largest U.S. financial institution, said Wednesday it will eliminate about 17,000 jobs as part of a companywide restructuring to reduce costs and improve profit.


Citigroup to cut 17,000 jobs, take $1.38 billion charge (at MarketWatch)

Wed, 11 Apr 2007 11:46:00 GMT | Yahoo! Finance

Citigroup Inc., which failed to capitalize on one of the most prosperous eras for U.S. financial services companies in recent years, announced a sweeping expense-reduction plan on Wednesday that includes 17,000 job cuts and a $1.38 billion pre-tax charge.


Citigroup Cutting Jobs in Bid to Cap Costs

Wed, 11 Apr 2007 08:42:00 EDT | NPR News Headlines

Citigroup will eliminate 17,000 jobs in a sweeping reorganization, while moving other jobs overseas. Savings are projected at $9 billion over three years. Shareholders had pressed the company to cut rising expenses.


Anticipated Citigroup cuts unlikely to halt Hub plans

| Findory News

Boston Globe: Citigroup Inc. will unveil the results of an internal review this morning, a disclosure that could result in thousands of layoffs around the world but is not expected to affect retail banking expansion in Boston.


The Ratings Game: Analysts positive on Citigroup job cuts and cost-cutting moves (at MarketWatch)

Wed, 11 Apr 2007 13:53:00 GMT | Yahoo! Finance

Analysts responded positively to Citigroup's long-awaited job reductions and cost-cutting plan Wednesday, saying the moves are unlikely to hurt the company's growth prospects while at the same time underscoring management's focus on maintaining its role as a leader in the global financial sector.


Citigroup Job Cuts Aimed at Pleasing Shareholders

Wed, 11 Apr 2007 10:48:00 EDT | NPR News Headlines

Citigroup, the world's largest financial services company, says it will eliminate about five percent of its workforce. It's part of an effort to increase profits and appease shareholders, who have been unhappy about the company's financial performance.


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