U.S. Financial Services Industry, Job Cuts, Stocks

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Dec. 8 (Bloomberg) -- Richard Bove, analyst at Rochdale Securities LLC in Lutz, Florida, talks about the U.S. financial services industry. Citigroup Inc. Chief Executive Officer Vikram Pandit will cut about 4,500 jobs in coming quarters as he seeks to reduce costs amid slumping revenue and "unprecedented" market conditions. Bove speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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