Citigroup to Cut Costs

From Bloomberg:

Citigroup Inc., the biggest U.S. bank by assets, banned off-site meetings among investment- banking employees and cut back on color photocopying to reduce expenses as revenue declines.

Just to be clear, according to their most recent 10-Q, Citi has assets of $2.1 trillion.

Posted by on August 27th, 2008 at 1:20 pm


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