RBC's Cassidy: Citigroup Job Cuts 'Start of Trend'

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Dec. 5 (Bloomberg) -- Gerard Cassidy, an analyst at RBC Capital Markets, talks about Citigroup Inc.'s plan to eliminate more than 11,000 jobs, scale back operations in some emerging markets and take a $1 billion charge this quarter. Cassidy speaks with Betty Liu and Julie Hyman on Bloomberg Television's "In the Loop." (Source: Bloomberg)