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    More cuts at Citigroup

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    euronews (in English)

    by euronews (in English)

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    Citigroup, the third largest US bank, has said it is going to eliminate 11,000 jobs worldwide; that is about four percent of its total staff.

    The move is intended to save as much as 840 million euros a year in expenses and it will cost Citi 760 million in charges this quarter.

    ...
    http://www.euronews.net/