Citi slash
Citigroup CEO Vikram Pandit said the bank will cut about 4,500 jobs in coming quarters as he seeks to trim costs amid slumping revenue. Citigroup will take a charge of about $400 million in the fourth quarter that is tied to the job reductions, Pandit said yesterday.
Euro Tim
Treasury Secretary Timothy Geithner yesterday backed a German-French push for closer economic cooperation in Europe.
Bad deal
Groupon was accused in a lawsuit filed by BidMyCrib.com of altering e-mailed merchant agreements.
Partners
The attorneys general in California and Nevada said yesterday they are partnering in investigations into the mortgage meltdown that crippled the two states with the highest rates of foreclosure in the nation.
Insider scoop
House Financial Services Committee Chairman Spencer Bachus, R-Ala., said the congressional panel will vote next week on new restrictions on insider-trading by US lawmakers.