Wednesday, December 5, 2012

Citigroup Job Cuts: Bank Plans To Slash 11,000 Jobs In Aim To Save As Much As $1.1 Billion Per Year - The Huffington Post

* Cuts include technology and support jobs around the world

* Consumer banking due for 35 pct of restructuring charges

* Company expects annual expense savings of $1 billion

* Stock rises 4 percent on news

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