Citigroup to cut 11,000 jobs in early move under Corbat
Citigroup said it will cut 11,000 jobs about 4 percent of work force with 6,200 cuts in consumer banking and 1,900 in institutional clients. It will sell or scale back in Pakistan Paraguay Romania Turkey and Uruguay while focusing on 150 high growth cities. The move follows pressure on banks from tighter regulations and weak lending.
MENTIONED IN THIS ARTICLE
New York
Citigroup
Michael Corbat
Citi
Pakistan
Paraguay
Romania
Turkey
Uruguay
United States
Institutional
Citibank
Holiday mortgage hold eases evictions for many lenders
Lenders including Wells Fargo Fannie Mae and Freddie Mac suspend evictions and some foreclosures from mid December to early January to avoid displacing holiday residents. Bank of America JP Morgan Chase and Citigroup also report holds while Belmont Federal says it will delay foreclosures. Freddie Mac notes default notices still appear so foreclosures resume after Jan 2. In Gaston County past December foreclosures reflect ongoing processes.
MENTIONED IN THIS ARTICLE
Wells Fargo
Fannie Mae
Freddie Mac
Bank of America
JP Morgan Chase
Citigroup Inc
Belmont Federal Savings & Loan
Belmont Federal
Michael Anthony
U.S
Gaston County
Gaston
Major mortgage banks pause evictions during holidays
Fannie Mae will not evict homeowners or tenants during foreclosure from December 19 to January 2. Freddie Mac suspends eviction lock outs on REO homes from December 17 to January 2. Wells Fargo halts evictions and foreclosure sales for defaulters living in their homes December 19 to January 2. Bank of America follows mortgage investor guidance and avoids evictions or sales around the holidays when loans are owned or investor-led. dates not specified.
MENTIONED IN THIS ARTICLE
Fannie Mae
Freddie Mac
Wells Fargo
Bank
Bank of America
Court denies rehearing on cigarette warnings
The U S Court of Appeals in Washington denied the government's request to rehear the case blocking the FDA graphic warning mandate on cigarette packs. The ruling keeps the challenge alive with a Supreme Court appeal possible within 90 days, as tobacco firms seek to block the warnings as anti smoking advocacy.
MENTIONED IN THIS ARTICLE
Richmond
U.S. Court of Appeals
Washington
D.C
Food and Drug Administration
Justice Department
U.S. Supreme Court
RJ. Reynolds Tobacco Co
FDA
Chicago
Also Mentioned on This Page
Corbat
Vikram Pandit
Pandit
Glenn Schorr
Nomura
By Ragan Robinson
Robinson
Gastongazette
The
LO HI Close
At&t Inc
Park Sterling
Alcatel-Lucent Alu
Arkansas Best
Piedmont Natural Gas
PNY
Bb&t Corp Bet
Pulte Homes
Bank of America Retail Properties Rpa
Best Buy Bby
Commercial Metals
CMC
RBC Centura RY
Covidien Cov
Scana Scg
Curtis-Wright CW
SCHS
Danaher Corp Dhr
School Specialty Inc
Old Deere DE
SHSD
Sears Holdings
Delhaize Deg
Snyder-Lance Inc Lnce
Dillards Inc
DDS
Southern Company So
Donnelley & Sons
Duke Ears Duk
Spectra Energy SE
Utd
FNBN
Suntrust Banks
STI
FDO
Connectivity
TEL
Hanesbrand Hbi
Tampa Electric Co TE
Harley-Davidson Hog
HarrisTtr Htsi
Home Depot
Texas Roadhouse
TXRH
Intel Corp. Intc
Textron IBM IBM
Kohls Kss
Time Warner Inc Twx
Krispy Kreme Kkd
Timken Tkr
Lowes Low
Wal Mart Wmt
Martin Marietta Mlm
Microsoft Msft
WFC
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