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.
'Rampant' Corruption in International Soccer: DOJ
33:04 - U.S. prosecutors unveiled charges detailing “rampant” corruption in international soccer hours after FIFA officials were arrested and the group’s offices searched in a series of dawn raids in Zurich. Bloomberg's Tariq Panja reports on “Bloomberg Surveillance.” (Source: Bloomberg)
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