Banking giant Citigroup Inc. announced Monday that it plans to trim approximately 50,000 more jobs as it struggles to steady itself after suffering massive losses from deteriorating debt.
By PBS NewsHour
Citigroup Inc. lost $5.1 billion during the first quarter and will eliminate about 9,000 more jobs, as it suffered the impacts of poor bets on mortgages and shaky credit markets.
By Admin and PBS NewsHour
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