670 jobs under threat at Citigroup - Croydon Guardian
Story date: 2008-05-19 07:12:00
Added on: 2008-05-20 00:01:00
Around 670 UK jobs are facing the axe after the world's biggest bank announced plans to close two sub-prime lenders. Citigroup said it was proposing to shut down mortgage supplier Future Mortgages, and its CitiFinancial loans arm. Both businesses ...
Read more...
Related Stories:
-
Citigroup may cut 24,000 jobs as loans crisis grows
Times Online - The fallout from America’s mortgage meltdown continued at Citigroup yesterday amid reports that the world’s biggest bank was poised...
2008-01-14 02:37:00 -
Citigroup to cut 52,000 more jobs (USA Today)
Citigroup (C), the second-largest U.S. bank, said Monday that it plans to cut 52,000 jobs in the next few months in a...
2008-11-17 06:02:55 -
Citigroup prepares to unload surplus assets - Guardian Unlimited
The new boss of Citigroup, the world's biggest bank, intends to off-load $400bn (£200bn) of unwanted assets but has rejected a radical...
2008-05-09 06:41:00 -
Wall Street cloud darkens Lehigh Valley - Allentown Morning Call
Citigroup : 70,000. Wachovia : 10,000. Merrill Lynch: 5,100. Some of the biggest names in finance have been forced to shed thousands...
2008-12-01 02:04:00 -
HSBC to Close U.S. Subprime Mortgage Unit, Cut Jobs (Update2) (Bloomberg.com)
Sept. 21 (Bloomberg) -- HSBC Holdings Plc, Europe's biggest bank, said it will close its Decision One subprime mortgage unit in the...
2007-09-21 09:34:52 -
Citigroup Plans to Cut 4,200 Jobs After Fourth-Quarter Loss
Bloomberg - ... after reporting a record fourth-quarter loss of $9.83 billion because of writedowns on securities backed by subprime mortgages...
2008-01-15 05:46:00 -
U.S. Stocks Fall to Three-Month Lows; Freddie Drops (Correct)
Bloomberg - Countrywide, the biggest U.S. mortgage lender, lost 84 cents to $9.44. Citigroup Inc., the largest U.S. bank by assets, declined...
2007-11-21 10:54:00 -
Citigroup Reports Loss on Writedowns, Credit Costs (Update2) (Bloomberg.com)
April 18 (Bloomberg) -- Citigroup Inc. posted a $5.11 billion loss, less than analysts' most pessimistic estimates, sending shares of the biggest...
2008-04-18 06:33:22