Citigroup, the third-biggest U.S. bank, said it will take a pretax charge of about $1bn this quarter as part of a plan to eliminate more than 11,000 jobs.
A bold early move.
Citigroup today announced a series of repositioning actions that will further reduce expenses and improve efficiency across the company while maintaining Citi's unique capabilities to serve clients, especially in the emerging markets. These actions will result in increased business efficiency, streamlined operations and an optimized consumer footprint across geographies.
HSBC has insisted it remains committed to China, even as it continued its retrenchment from insurance by selling off its 15.6% stake in Chinese insurer Ping An for $9.4bn (£5.8bn).
Why does it always have to be a banker ?
The CSKA Moscow man has many obvious talents and three of them are massive when it comes to his potential as a transfer target in January.
Fernando Llorente has confirmed he will leave Athletic Bilbao this summer which has put many clubs on red alert. Arsenal and Liverpool have both been linked with the big front man but which club would be the better choice?
Manchester City have been dumped out of the Champions League for a second season in a row. Here is how they can bounce back win the tournament next season.
Arsenal have suffered their worst start in the Premier League under Arsene Wenger, but are still in a good position to win a trophy.
LinkedIn has released its list of the most overused buzzwords on LinkedIn Profiles, and for the second year in a row, 'creative' tops the list.