Bloomberg News

Citi Would Rather Cut Jobs Than Lower Comp: Cohan

December 05, 2012

Dec. 5 (Bloomberg) -- Citigroup, the third-biggest U.S. bank, said it will take a pretax charge of about $1 billion this quarter as part of a plan to eliminate more than 11,000 jobs. Bloomberg Contributing Editor Bill Cohan speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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