Citigroup Plans to Cut 4,500 Jobs, Take $400 Million Charge

Citigroup Plans to Cut 4,500 Jobs, Take $400 Million Charge

Daniel Acker/Bloomberg

A pedestrian walks outside a Citigroup Inc. Citibank branch in New York. Some of the job cuts at Citigroup will come from the firm’s proprietary-trading operations as regulators seek to restrict banks from betting shareholder cash.