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    Back to To the Point

    To the Point

    Citigroup Cutting 11,000 Jobs to Save $1 Billion a Year

    Citibank—once the biggest thing of its kind in the world—has new leadership. But the recession is still taking its toll. Today, it announced it’s closing branches around the world, scaling back consumer lending in developing countries—and cutting 11,000 jobs.

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    By Warren Olney • May 12, 2014 • 1 min read

    Citibank—once the biggest thing of its kind in the world—has new leadership. But the recession is still taking its toll. Today, it announced it’s closing branches around the world, scaling back consumer lending in developing countries—and cutting 11,000 jobs.

    The full episode

    1 of 3
    The CIA, the Pentagon and Obama’s Drone War
    1. 0:00Citigroup Cutting 11,000 Jobs to Save $1 Billion a YearYou’re reading this
    2. 12:00The Pentagon Expands its Spying Operations: What Does This Mean for Obama’s Drone Program?
    3. 42:00Washington State’s Marijuana Law to go into effect tomorrow
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Frances Anderton

      architecture critic and author

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Anna Scott

      Former KCRW Housing and Homelessness Reporter

    • KCRW placeholder

      Lata Pandya

      Assistant Producer, To the Point/Which Way, LA?

    • KCRW placeholder

      Matthias Rieker

      Banking reporter for Dow Jones Newswires and The Wall Street Journal

      NewsNationalPolitics

    The full episode

    1 of 3
    The CIA, the Pentagon and Obama’s Drone War
    1. 0:00Citigroup Cutting 11,000 Jobs to Save $1 Billion a YearYou’re reading this
    2. 12:00The Pentagon Expands its Spying Operations: What Does This Mean for Obama’s Drone Program?
    3. 42:00Washington State’s Marijuana Law to go into effect tomorrow
    Back to To the Point