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.

Are We Seeing the End of an Earnings Recession?
44:20 - Michael Kelly, PineBridge Investments' global head of multi-asset, discusses corporate earnings, the outlook for financial markets and his investment strategy with Bloomberg's Oliver Renick, Matt Miller and Scarlet Fu on "What'd You Miss?" (Source: Bloomberg)
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