News Stories Related To: Citigroup's investment bank braces for layoffs
Source: International Herald Tribune
Most of the cuts will come from the bank's major offices in New York and London, though other locations in Europe and Asia could lose jobs. And on a percentage basis, the job cuts are far...
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READ MORE: Citigroup Citigroup Inc., investment banks, job cut, The Wall Street Journal, banks division, news, banks job, engineering efforts, indicated earlier, Dan Noonan
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- News Source: NewKerala | about 1 year agoT he bank headed by India-born Vikram Pandit, which has suffered $15 billion losses over the past two quarters, is likely to start handing out pink slips to about 6,500 workers Monday. "Citi indicated earlier this year that it would be resizing this...
- News Source: Sydney Morning Herald | about 1 year agoA person familiar with the downsizing said the largest United States bank was about halfway through 6000 cuts to the division. The bank employs 300,000 people across all divisions and has announced more than 13,000 job cuts this year. Citigroup's...
- News Source: The Age | about 1 year agoThe US bank is about halfway through the 6000 job cuts at the division that were signalled in March. Citigroup employs about 300,000 people worldwide and has announced more than 13,000 job cuts this year. The company has reported two straight...
- News Source: Star Tribune | about 1 year agoThe unit, as previously reported, plans to lay off about 6,500 workers in the division, according to the person, who spoke on condition of anonymity because the job cuts are still under way. "More than half of those have already been eliminated," the...
- News Source: Reuters | about 1 year agoQuote , Profile , Research , Stock Buzz ) plans to cut thousands of trading and investment banking jobs this week, part of previously reported plans to slash about 10 percent of its investment bank division, a person familiar with the situation said...
- News Source: Fox News | about 1 year agoCitigroup to Fire 10 Percent of Investment Banking Workforce Monday, June 23, 2008 Citigroup is set this week to fire thousands of workers in their investment-banking division, the Wall Street Journal reported Monday. The giant New York-based bank,...
- News Source: The Irish Times | about 1 year agoThe largest US bank is about halfway through the 6,000 job cuts at the division signaled in March, said the person, who asked to remain anonymous because Citigroup hasn't disclosed its plans publicly. Citigroup employs 300,000 people across all...
- News Source: Xinhuanet.com | about 1 year agoCitigroup Inc. plans to axe 6,500 jobs, about 10 percent of 65,000 employees worldwide in its investment-banking division, the Wall Street Journal reported on its website on Sunday. Citigroup, the largest U.S. bank, has lost 15 billion U.S.
- News Source: International Herald Tribune | about 1 year agoMost of the cuts will come from the bank's major offices in New York and London, though other locations in Europe and Asia could lose jobs. And on a percentage basis, the job cuts are far less severe than at other investment banks. For example,...
- News Source: Miami Herald | about 1 year agoCitigroup is preparing fire thousands from its worldwide investment-banking division, The Wall Street Journal reported on Sunday. The Journal, citing people familiar with the matter, said the layoffs are part of a plan to cut about 10 percent of the...
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