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.

Sales Check With Hudson's Bay CEO Jerry Storch
54:09 - Hudson's Bay CEO Jerry Storch weighs in on Black Friday sales. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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