Michael Corbat continues to make his mark at Citigroup (C) as the bank plans job cuts of more...

|About: Citigroup Inc. (C)|By:, SA News Editor

Michael Corbat continues to make his mark at Citigroup (C) as the bank plans job cuts of more than 11K leading to savings of $900M in 2013, and more than $1.1B in 2014. Revenues are expected to take a $300M hit. CFO John Gerspach is scheduled to present at the Goldman investor conference later today. Shares +2.5% premarket. (PR)