Reuters
Citigroup planning major job cuts: report
Monday November 26, 8:34 am ET

NEW YORK (Reuters) - Citigroup (NYSE:C - News), the No. 1 U.S. bank by assets, is planning major job cuts over the coming months, CNBC television reported on Monday.

CNBC said that no exact number had yet been set, though some jobs were already being eliminated. It estimated that the cuts could total anywhere between 17,000 and 45,000.

Citigroup officials were not immediately available for comment.