Citigroup to Eliminate More Than 11,000 Jobs
The company said Wednesday that the cuts will result in about $1 billion in charges in the fourth quarter and about $100 million in charges during the first half of next year.
It expects about $900 million in expense savings in 2013 and annual expense savings of more than $1.1 billion starting in 2014.
Copyright 2012 by The Associated Press. All rights reserved. Material may not be redistributed.