Shares of Citigroup Inc (NYSE: C) jumped over 6% on Wednesday after the bank announced it would lay off 11,000 workers or about 4% of its total workforce. Additionally in the statement, the bank said it had to pay a pretax of $1.1 billion this quarter due to the layoffs. This … [Read more...]
Citi Fined $2 Million for Leaking Facebook Info to Press
Citigroup Inc. fired two analysts for leaking technology company secrets to the media in recent months, actions now costing the bank a $2 million fine. … [Read more...]
