November 17, 2008
According to the New York Times
The banking giant Citigroup, which a decade ago set out to rewrite the rules of American finance, announced Monday morning that it would cut 50,000 jobs in the coming quarters, largely by selling assets.
The latest cuts come after 23,000 jobs that were cut earlier this year. Citi indicated [...]
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November 11, 2008
Goldman Sachs, another of those financial institutions who recently became a deposit bank to take advantage of federal philanthropy, talks out both sides of its mouth.
Goldman, Sachs & Co. urged some of its big clients to place investment bets against California bonds this year despite having collected millions of dollars in fees to help the [...]
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