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.
JPMorgan Earnings: What'd You Miss? (Full Show 10/13)
47:48 - Full episode of "What'd You Miss?" Guests: Columbia Business School professor Charles Calomiris, Intel chief financial officer Stacy Smith, BlackRock Emerging Markets senior strategist Pablo Goldberg. (Source: Bloomberg)
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