Citigroup Cuts 11,000 Jobs as Revenue Slumps

Citigroup Inc.’s Michael Corbat, who took over as chief executive officer less than two months ago, will cut more than 11,000 jobs and pull back from some emerging markets to drive down costs as revenue dries up at global banks.

Has Monetary Policy Reached Its Limit in Japan?
13:01 - Michael Every, head of financial markets research for Asia at Rabobank, discusses the Bank of Japan's policy moves, why they're not working and what he says needs to happen. He speaks to Bloomberg's Rishaad Salamat on "Asia Edge." (Source: Bloomberg)
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