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Posts Tagged ‘Bank’

Citigroup  the US third-biggest U.S. bank, to cut over 11,000 jobs to reduce expenses and improve efficiency.. It will incur a pretax of 1.1 billion this quarter and save 900 million next year in 2013.

CEO Michael Corbat said,

These actions are logical next steps in Citi’s transformation,. While we are committed to — and our strategy continues to leverage — our unparalleled global network and footprint, we have identified areas and products where our scale does not provide for meaningful returns.”

Citi shares were up 3.87% to $35.62 a share after the announcement.

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Obama nomination speech moved indoors, to smaller venue, from Bank of America Stadium, capacity: 73,298  to Time Warner Cable Arena, capacity: 20,200.

Was there a problem filling the seats?  Is the Hope and Change gone from 2008?

Charlotte, North Carolina’s Weather forecast, Thursday, September 6, 2012

If Obama Can’t Fill Bank of America Stadium, We’ll Say: You Didn’t Fill That!

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