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.
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Full Show: Bloomberg Best (09/30)
11:31 - A review of the week's top business stories from the U.S., Europe and Asia. (Source: Bloomberg)