SOUTHPAW: Crunch time for Citigroup in Europe
The drastic action announced this week by Citigroup to turn around its fortunes by cutting 52,000 jobs comes less than two months after its European investment banking division emerged with a new approach that it believes will see it through the downturn. Chief executive Vikram Pandit is taking the decisions that his predecessors ducked, says David Rothnie.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts