Breakfast

US banking giant Citigroup will slash 52,000 jobs on top of the 23,000 it's already shed this year. This comes after the bank lost more than $30 billion dollars so far this year as a result of the financial crisis. New York, America's financial hub, will bear the brunt of the cuts, which are the latest in a long list of lay-offs in the city's financial sector.

Guests

Jim Awad
Managing Director, Zephyr Management

Reporter

Michel Panayotov, International Editor

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