Saturday, January 13, 2024

Uncle Biden readying his checkbook?-----Citi to cut 20,000 jobs through 2026, swings to $1.8 billion loss

Citi to cut 20,000 jobs through 2026, swings to $1.8 billion loss
"..."Citigroup's earnings looked awful with a big loss of $1.8 billion, but the bank's underlying business showed resilience," said Octavio Marenzi, CEO at management consultancy firm Opimas.
The loss was driven by $3.8 billion in charges disclosed in a filing on Wednesday...

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