Citi set to cut another 52,000
Well over 100,000 jobs have already been lost at the largest banks and brokerages. In the last month, Goldman Sachs Group Inc began cutting 3,200 jobs, while Morgan Stanley said it will cut 10% of the jobs in the unit housing its investment banking operations.
Citigroup said it plans to make the latest job cuts in the "near-term." People at the New York bank said it expects to complete the reductions in the first couple of months of 2009....
