Citigroup to Cut 11000 Jobs, Take $1B Charge

Citigroup Inc. (C)'s Michael Corbat, who took over as chief executive officer
less than two months ago, will cut more than 11,000 jobs and pull back from some
emerging markets to drive down costs as revenue dries up at global banks. The
lender will take a $1 billion charge this quarter to cover the [...]
Source:
http://www.ezonearticle.com/2012/12/05/citigroup-to-cut-11000-jobs-take-1b-charge/