Citigroup

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Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce of 262,000. The bulk of the cuts will come from the consumer banking unit. (Associated Press)

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** FILE ** In a Monday, June 18, 2012, file photo, Citigroup CEO Vikram Pandit prepares for a television interview on the floor of the New York Stock Exchange, after he rang the opening bell. (AP Photo/Richard Drew, File)

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Citigroup logo (AP Photo/Mark Lennihan)

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Wells Fargo Bank agreed to pay $100 million to Citigroup Friday, Nov. 19, 2010, to settle all claims in a dispute related to its 2008 acquisition of Wachovia Corp.(AP Photo/Paul Sakuma, file)

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** FILE ** In this Jan. 16, 2009 file photo, Citigroup headquarters is seen in New York. The Treasury Department said Thursday that it has raised $10.5 billion from Citigroup share sales, and that the bank has repaid $20 billion of the $45 billion it received from the federal government in 2008. (Photo/Richard Drew)