Citigroup To Eliminate More Than 11,000 Jobs - Spokane, North Idaho News & Weather KHQ.com

Citigroup To Eliminate More Than 11,000 Jobs

NEW YORK (AP) - Citigroup says it will eliminate more than 11,000 jobs as it looks to cut expenses and improve efficiency.
    
The bank has not spelled out how many of the jobs will be in the United States, but says roughly 6,200 will come from Citi's consumer banking unit -- which includes everyday functions like branches and checking accounts. About 1,900 jobs also will come from the institutional clients group, which includes investment banking.
    
The company says the cuts will result in about $1 billion in charges in the fourth quarter and about $100 million in charges during the first half of next year.
    
It expects about $900 million in expense savings next year and annual expense savings of more than $1.1 billion starting in 2014.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Spokane almost dead last on Washington's safest cities list

    Spokane almost dead last on Washington's safest cities list

    Tuesday, February 20 2018 1:27 PM EST2018-02-20 18:27:47 GMT

    KHQ.COM - The National Council for Home Safety and Security has released the safest cities in Washington for 2018... and Spokane did not impress. To determine the order of the ranking the Council used data on the number of reported violent crimes and property crimes for every thousand people and also reviewed the most recent FBI Uniform Crime report. Spokane ranked almost dead last coming in at number 79 (there were only 80 cities on the list).

    >>

    KHQ.COM - The National Council for Home Safety and Security has released the safest cities in Washington for 2018... and Spokane did not impress. To determine the order of the ranking the Council used data on the number of reported violent crimes and property crimes for every thousand people and also reviewed the most recent FBI Uniform Crime report. Spokane ranked almost dead last coming in at number 79 (there were only 80 cities on the list).

    >>
  • Managers of Spokane Valley motel, 6 others arrested on drug and property crime charges following two-month investigation

    Managers of Spokane Valley motel, 6 others arrested on drug and property crime charges following two-month investigation

    Tuesday, February 20 2018 6:06 PM EST2018-02-20 23:06:06 GMT

    SPOKANE VALLEY, Wash. - A two-month investigation into criminal activity at the Red Top Motel in Spokane Valley resulted in a massive raid and the arrest of 8 people early Tuesday morning. The Red Top Motel has had more than 100 calls for service since the beginning of the year, with many of those calls resulting in the arrest of known criminals who commonly traffic in drugs and stolen property.

    >>

    SPOKANE VALLEY, Wash. - A two-month investigation into criminal activity at the Red Top Motel in Spokane Valley resulted in a massive raid and the arrest of 8 people early Tuesday morning. The Red Top Motel has had more than 100 calls for service since the beginning of the year, with many of those calls resulting in the arrest of known criminals who commonly traffic in drugs and stolen property.

    >>
  • UPDATE: Kent Police arrest man suspected of trying to rape barista

    UPDATE: Kent Police arrest man suspected of trying to rape barista

    Wednesday, February 21 2018 1:23 PM EST2018-02-21 18:23:24 GMT

    KENT, Wash. - Kent police said they arrested a man Wednesday morning who was seen on surveillance video early Tuesday breaking into a bikini barista stand and abducting the barista at knifepoint before trying to rape her outside. The arrest was made after investigators received multiple tips identifying the suspect. 

    >>

    KENT, Wash. - Kent police said they arrested a man Wednesday morning who was seen on surveillance video early Tuesday breaking into a bikini barista stand and abducting the barista at knifepoint before trying to rape her outside. The arrest was made after investigators received multiple tips identifying the suspect. 

    >>
HD DOPPLER 6i
/