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.
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Citigroup cuts 2,000 banking, trading jobs
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Bank of America merges corporate, investment banking businesses
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Bank of America swings to a loss
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Bank of England slashes bank rate to 2%
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Bank credit, deposit growth loses steam
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Major banks announce cuts to mortgage rates
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JPMorgan Chase lowers price target on Investment Technology Group (ITG)
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Lloyds Banking group to slash another 200 jobs
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Citigroup lowers price forecast on natural gas (ung)
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Morgan Stanley cuts 200 from brokerage department
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Citigroup reshuffles Asia-Pacific management team
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Two years before big banks begin to give back interest rate cuts
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Fifth Third loses $2.2 billion in fourth quarter
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Us Treasury says scaling back borrowing capacity
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Genzyme Corp. downgraded to Hold by Citigroup, Inc.;
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Union Bank, ubi cut lending rates
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Bank of England cuts interest rate to 2 per cent