itigroup says it is slashing about 1,000 jobs in Texas and Nevada, citing decreased demand for home loans and mortgage refinancing.
The move comes two weeks after Ackman resigned from J.C. Penney’s board as part of a deal to resolve an unusually public battle between the activist investor and the struggling department store operator.
Citigroup says it will eliminate more than 11,000 jobs. The bank says it’s looking to cut expenses and improve efficiency.
Citigroup is trying something new to keep struggling homeowners out of foreclosure: turn them into renters.
Rolling power outages may begin in Texas homes as the state’s electrical grid is again being pushed to the brink by triple-degree heat.
WASHINGTON (AP) _ The Treasury Department says it raised $10.5 billion from the sale of a total of 2.6 billion shares of Citigroup stock