Citigroup Inc. Chief Executive Officer Michael Corbat, who took over the bank in October, is cutting more than 11,000 jobs, scaling back operations in some emerging markets and will take a $1 billion charge this quarter in a effort to drive down costs.
Citigroup to Eliminate 11,000 Jobs, Take $1 Billion Charge
DEC 5, 2012 11:21am ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here