Citigroup Cuts 11,000 Jobs as Revenue Slump Presses Global Banks

Citigroup Cuts 11,000 Jobs as Revenue Slump Presses Global Banks

Scott Eells/Bloomberg

Citigroup Inc. advanced $2.36, or 6.9 percent, to $36.65 at 1:54 p.m. in New York, leading a rally in U.S. bank stocks.