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Citigroup Plans to Cut 20k Jobs

wsj.com

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Re: Citigroup Plans to Cut 20k Jobs

#9

Disaster long in the making. The worst performing big bank of the last decade. Stock still ~90% below its 2007 peak, and been flat for last 10 years.

In America.

The gap between JPM and Citi is incredible. Part of JPM's success is that it has basically been deemed "America's Bank" by the government, but the mismanagement at Citi is tangible too.

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