Citigroup to Cut 500 to 600 Jobs at CitiFinancial

Citigroup’s CitiFinancial unit will shut 330 of its U.S. branches and cut between 500 and 600 jobs, in an effort to cut costs at the business and make it more attractive to potential buyers. Citigroup said on Tuesday that it would shut about 18 percent of CitiFinancial’s 1,833 U.S. branches and stop making loans at another 182 branches – Reuters

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