Citigroup cuts value of investments by $14B in 1Q (AP)
Citigroup’s 9,000 job cuts and $14 billion in write-downs suggest that even if the worst of the credit market volatility is over, the industry is now in a conservative, cost-cutting mode.
Insurances & Business
News Economy Business Investment Banks Credits
Leave a Reply »»
Similar/Related/News:
- Citigroup cuts 9,000 jobs, posts more red ink Citigroup's 9,000 job cuts and $14 billion in write-downs suggest that even if the worst of the credit market volatility is over, the industry is now ...
- Humberto Cruz: ‘Flight plan’ a valuable tool to guide your investments While on vacation a few weeks ago, and for no particular reason, my wife, Georgina, turned to me and asked, "So, are our investments on autopilot now?...
- Wall St. Braces For Thousands of Pink Slips NEW YORK (Reuters) - Citigroup Inc <C.N>, Merrill Lynch & Co <MER.N> and Wachovia Corp <WB.N> this week announced 12,400 job...
- Citigroup Near Sale of $12 Bln Loans: Sources NEW YORK (Reuters) - Citigroup Inc <C.N>, the largest U.S. bank, is close to selling about $12 billion of leveraged loans and bonds to a gro...
- Citigroup Officials Look to HP For Advice: Report NEW YORK (Reuters) - Citigroup Inc <C.N> is seeking advice from Hewlett-Packard <HPQ.N> on how the ailing bank can improve its fortune...
- Citigroup Wins Dismissal of Many Parmalat Claims NEW YORK (Reuters) - Citigroup Inc <C.N> has won the dismissal of much of a multibillion-dollar New Jersey lawsuit over its alleged role in ...
- Citigroup raises $2.5bn in bond offering Citigroup on Tuesday sold $2.5bn of debt in its biggest bond offering since 2009....
- Trial Set to Start in Parmalat Case Vs. Citigroup NEW YORK (Reuters) - More than four years after the meltdown of Italy's Parmalat SpA <PLT.MI>, the food company is set to begin presenting i...
Insurances & Business 
. I&B - All rights reserved 2009.