  
Citi Plans Asset Sales and Job CutsQuicklink Submitted By Sheila Samples No comments
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| The banking giant, Citigroup, which a decade ago set out to rewrite the rules of American finance, announced Monday morning that it would cut 50,000 jobs in the coming quarters, largely by selling assets. In a town hall meeting with employees, the bank also said that it was seeking to shore up its capital base and cut risky positions. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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