Citigroup cuts 2,000 banking, trading jobs
Citigroup Inc is cutting about 2,000 more investment banking and trading jobs, a person briefed with the matter said, as the largest US bank moves to lower costs after subprime mortgage and credit problems led to a record quarterly loss.
CITIGROUP Inc said on Monday it plans to cut about 50,000 jobs as souring economies and global credit conditions cause the US bank with the farthest reach worldwide to retrench.