Citigroup Inc. stock is up 0.2% in premarket trades on Friday in what could be the stock’s 10th gain out of 12 sessions this month. On Wednesday, Citi CFO...
Citigroup Inc. C stock is up 0.2% in premarket trades on Friday in what could be the stock’s 10th gain out of 12 sessions this month. On Wednesday, Citi CFO Mark A. L. Mason said the company plans to lay off 1,600 people in the second quarter as part of an overall job reduction of 5,000 people at the bank. The cuts come in the Citi’s banking and markets units. Citi said the job cuts will boost second-quarter expenses by up to $400 million from the first quarter.
... Citigroup Inc. C stock is up 0.2% in premarket trades on Friday in what could be the stock’s 10th gain out of 12 sessions this month. On Wednesday, Citi CFO Mark A. L. Mason said the company plans to lay off 1,600 people in the second quarter as part of an overall job reduction of 5,000 people at the bank. The cuts come in the Citi’s banking and markets units. Citi said the job cuts will boost second-quarter expenses by up to $400 million from the first quarter.
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