Tuesday, 28 April 2015
Last updated 18 min ago
Mar 20 2008 | 12:57pm ET
Citigroup has announced a further 2,000 job cuts, with the ax is expected to fall particularly hard on its investment banking, trading and alternative investments groups.
The Wall Street giant—buffeted by losses linked to the subprime mortgage market collapse, and having already slashed some 30,000 jobs since September—said it expected a large number of job cuts in its institutional clients group, which includes hedge fund and private equity services.
The bank did not say how many jobs would be lost in the institutional clients group. The cuts are expected by the end of the month.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…