
Citi Bank suffers from increased severance expenses amid layoffs
Citi Group faced first-quarter challenges with rising expenses for severance payouts to laid-off staff and investments in replenishing a government deposit insurance fund, impacting its performance. In January, Citigroup was expected to cut at least 20,000 jobs over the next two years as it reported its worst quarter in 14 years. In its restructuring, Citi […]













