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And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two months since a shakeup at citi ousting former c. E. O. , vikram pandit. He was succeeded by michael corbat. The bank nearly collapsed during the crisis and ultimately received bailouts totaling 45 billion, money that citi has since repaid. Roben farzhad has long watched the changes at citi for Bloomberg Businessweek and joins us again tonight. Roben, welcome. Today we heard that stocks soared on the news of these layoffs. What does that tell us about what was
New-yorkUnited-statesMiamiFloridaQatarCompostela-valley-provincePhilippinesDubaiDubayyUnited-arab-emiratesMontereyDamascusAnd with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two months since a shakeup at citi ousting former c. E. O. , vikram pandit. He was succeeded by michael corbat. The bank nearly collapsed during the crisis and ultimately received bailouts totaling 45 billion, money that citi has since repaid. Roben farzhad has long watched the changes at citi for Bloomberg Businessweek and joins us again tonight. Roben, welcome. Today we heard that stocks soared on the news of these layoffs. What does that tell us about what was
New-yorkUnited-statesMiamiFloridaQatarCompostela-valley-provincePhilippinesDubaiDubayyUnited-arab-emiratesMontereyDamascusMany of them dying because Ocean Temperatures are rising and the waters are more acidic. I remember seeing fields of elk horn coral that you couldnt see through it and you couldnt see beyond it and those same areas are dead you know 99 dead. Ifill and we close with a remembrance of jazz great dave brubeck who died today, one day shy of his 92nd birthday. Woodruff thats all ahead on tonights newshour. Major funding for the pbs newshour has been provided by and with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill the nations Third Largest bank, citigroup, announced big job cuts as it continues to scale back in the wake of the financial crisis. The 11,000 employees to be laid off worldwide, make up about 4 of the companys workforce. More than 6,000 of those jobs are in consumer banking. The move comes less than two mont
New-yorkUnited-statesMiamiFloridaQatarCompostela-valley-provincePhilippinesDubaiDubayyUnited-arab-emiratesMontereyDamascus