Citigroup has announced a strategic overhaul of its IT workforce, aiming to reduce its reliance on contractors by 30%. This ...

Citigroup announced a 30% reduction in IT contractors, aiming to cut their numbers from 50% to 20% of the IT workforce. This ...

The maker of Trader Joe's Charles Shaw wine, known as "Two Buck Chuck," announced more than 80 permanent layoffs at its Stanislaus County headquarters last week. Bronco Wine Co., based in Ceres ...

JPMorgan Chase banking analyst Vivek Juneja said Friday that banks could feel the crunch from U.S. consumers - especially lower-income consumers - as the first quarter of 2025 wraps up in the next ...

Overall, bank stocks have sold off about 15% from their recent peak in the face of jitters about an economic slowdown, as well as uncertainty about policies and their implications, he said. This is ...

Citigroup is reportedly planning to make significant cuts to the number of IT contractors at the bank, instead hiring ...

Citi thinks March will see a "much more favorable" reading, with the firm predicting an out-of-consensus call of the Fed resuming its rate cuts in May. Market pricing currently indicates a much ...

The Environmental Protection Agency said it has terminated grant agreements worth $20 billion issued by the Biden administration under a so-called green bank to finance climate-friendly projects. The ...

After struggling in 2024, China's stock market is roaring as its AI trade soars. Meanwhile, US peers are hobbled by growth ...

Last April, then-Vice President Kamala Harris announced that EPA had selected eight groups, including Maryland-based Climate United, to receive $20 billion to finance tens of thousands of projects to ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

The investment banking giant stands by its practice of regular staff cuts often called its 'annual cull,' trying to cut ...