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Vikram Pandit

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Economy Dec 05

Citigroup Plans to Lay Off 11,000 Employees in Financial Crisis Scale Back

Economy Apr 17

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Citigroup Posts Best Earnings Since 2007

Beleaguered banking giant Citigroup broke a year-long streak of staggering losses Friday when it posted a first-quarter net profit of $1.6 billion.

By PBS News Hour

Economy Nov 17

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Watch
Citigroup to Cut Jobs, Sell Assets in Financial Crunch

Citigroup announced plans Monday to cut 53,000 jobs worldwide as a result of the worsening global fiscal crisis and large company losses. Roben Farzad of Business Week assesses the financial institution's troubles and how other banks are faring.

Economy Nov 17

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Citigroup Plans to Slash Another 50,000 Jobs

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 News Hour

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Full Episode
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