Arab Today, arab today us bank citigroup cuts 200300 jobs
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

US bank Citigroup cuts 200-300 jobs

Arab Today, arab today

Arab Today, arab today US bank Citigroup cuts 200-300 jobs

New York - AFP

US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reports. Some of the employees were fired, while others left voluntarily. Among them was Steve Prince, the younger brother of former chief executive Charles Prince, according to the newspaper. Prince's LinkedIn profile says he is a senior vice president for marketing and advertising. The cuts account for about two percent of the global markets business, it added, citing a person familiar with the matter. Citigroup refused to comment on the report. "We continue to tightly manage expenses, making targeted headcount reductions in light of current market conditions," spokeswoman Danielle Romero-Apsilos said in a statement. "At the same time, we are adding some talent strategically, leveraging our unique global footprint to serve our clients." The layoffs come as Citigroup cuts expenses in its business units as the banking industry adjusts to new regulation and loan demand. On Friday, JP Morgan reported that trading revenue dropped 17 percent in the first quarter, a trend Citigroup has warned it could follow. Late last year, Citigroup had 251,000 employees, a far cry from its 323,000 employees in late 2008 at the height of the financial crisis.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us bank citigroup cuts 200300 jobs Arab Today, arab today us bank citigroup cuts 200300 jobs

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us bank citigroup cuts 200300 jobs Arab Today, arab today us bank citigroup cuts 200300 jobs

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday