Citi (C) Cutting More Positions 'Souldn't Be a Surprise'
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
FBN's Gasparino: Citi (C) Might Not Be the Only Bank Mulling More Job Cuts...
December 5, 2012 1:19 PM ESTFox Business Network reporter Charles Gasparino says Citi (NYSE: C) might not be the only one making job cuts in the financial sector.
According to his Twitter account: "MS, GS contemplating new workforce cut... More
Analyst Pleased With Citi (C) Cost Savings Plans
December 5, 2012 10:47 AM ESTShares of Citi (NYSE: C) are moving higher on Wednesday after the bank, under new leadership of CEO Michael Corbat, announced it was eliminating 11 thousand jobs resulting in $0.9 billion in saving in 2013 and $1.1 billion in 2014.
Commenting on the developments, Wells Fargo analyst... More
Citigroup (C) to Reduce Workforce by 11,000, Take $1B Charge in New Repositioning
December 5, 2012 9:03 AM ESTCitigroup (NYSE: C) announced a series of repositioning actions that will further reduce expenses and improve efficiency across the company while maintaining Citis unique capabilities to serve clients, especially in the emerging markets. These actions will result in increased business efficiency, streamlined operations and an optimized consumer footprint across geographies.
Michael Corbat, Citis Chief Executive Officer, said, These actions are logical next steps in Citi's transformation. While we are committed to-- and our strategy continues to leverage-- our unparalleled global network and footprint, we have identified areas and products where our scale... More
