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.
What Do RBS Job Cuts Mean for Investment Banking?
36:07 - March 4 -- RBS may cut as many as 14,000 investment-banking jobs, or more than two thirds of the workforce, as part of a plan to focus on the U.K. consumer market, a person with knowledge of the matter said. Cenkos Securities Bank Analyst Sandy Chen speaks on “The Pulse.”
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