NEW YORK (MarketWatch)
Citigroup Inc. said on
Wednesday that it will cut another 11,000 jobs around the world and take $1.1
billion of pre-tax charges in its latest move to cut expenses
Citi said it
expects the moves to cut $1.1 billion of annual expenses by 2014, while reducing
revenue by less than $300 million a year
The company said 25% of the charges
are expected in the Securities & Banking unit, with another 10% in
Transaction Services -- 1,900 jobs will be cut at those units
It said about 35%
of the charges, and 6,200 of the job cuts, will come from its Global Consumer
Banking business
The rest of the cuts are spread across the company
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
viernes, 7 de diciembre de 2012
Suscribirse a:
Enviar comentarios (Atom)
No hay comentarios:
Publicar un comentario