Citigroup Job Cuts `Start of a Trend,' Cassidy Says

Dec. 5 (Bloomberg) -- Gerard Cassidy, an analyst at RBC Capital Markets, talks about Citigroup Inc.'s plan to eliminate more than 11,000 jobs, scale back operations in some emerging markets and take a $1 billion charge this quarter. Cassidy speaks with Betty Liu and Julie Hyman on Bloomberg Television's "In the Loop." (Source: Bloomberg)

UniCredit’s Ghizzoni Survives Calls for Management Shift
54:25 - UniCredit SpA said its board unanimously backs Chief Executive Officer Federico Ghizzoni, rebuffing shareholders who have called for a change in management. The comments came in a regulatory statement Tuesday after Italy’s biggest bank said fourth-quarter profit fell on one-time charges related to the lender’s reorganization and its share of costs for winding down four Italian banks.
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