Citi to slash 52,000 jobs
Nov. 17 - Citigroup announced plans to cut 52,000 positions in a drastic move to offset billions of dollars in losses tied largely to risky home loans.
The stock lost ground and remained at levels not seen since Citigroup was created by a merger in 1998.
Citigroup is now barely worth twice the $25 billion it received from the Treasury's $700 billion bank rescue plan.
Conway Gittens reports from New York.
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