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Citigroup is proud to….

Posted on December 6th, 2012 at 12:23 by John Sinteur in category: Great Picture, Robber Barons -- Write a comment


Citi’s global consumer banking business took the hardest hit on Wednesday, with the bank saying it will eliminate 6,200 positions and close 84 branches worldwide, including in Brazil, Hungary and South Korea, with 44 closings in the United States. Citi will vastly reduce its footprint in some countries and leave five others entirely, including Turkey and Pakistan.

An additional 1,900 jobs will be removed from Citi’s capital markets and transaction processing units. An estimated 2,600 jobs will be cut from its back office operations as well.

  1. “Who cares about jobs _in_ America? We have too much of your money, so we’ll give some of it to , then we pay lower taxes. Aren’t we just wonderful?”

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