Citi to Cut 175 in Cards, Wealth Unit

November 2009
American Banker;11/5/2009, Vol. 174 Issue 201, p20
Trade Publication
The article reports that the credit-card operation of Citigroup Inc. will eliminate about 100 jobs, while head count in the personal wealth management group will be reduced by 75. Citigroup is in the middle of a restructuring that has seen it staff reduced to 279,000 from 375,000 in 2007. Job cuts in the credit-card unit will not focus on persons who interact with clients.


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