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.

The Mixed Messages Out of Australia's Economy
47:41 - Sean Fenton, Tribeca Investment Partners portfolio manager, discusses the state of Australia's economy and the outlook for RBA policy with Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
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