Episode #33

Why Big Banks Like Citigroup Are Downsizing

« previous episode | next episode »

Friday, December 07, 2012

The nation's biggest banks are facing job losses, falling revenue, big spending cuts, not to mention core questions about their very size and scope.

The latest bank to show strain is Citigroup, which announced Wednesday it will cut 11,000 jobs and close 44 branches.

This week on Money Talking, WNYC contributors Joe Nocera with the New York Times and Rana Foroohar with Time magazine discuss why Citigroup and other banks, like Bank of America, are cutting and who's to blame for falling revenues.

Plus, is there a distinction between these mega, Wall Street banks and smaller, regional banks when talking about the health of the financial sector.

Hosted by:

Jeff Greenfield

Produced by:

Daniel P. Tucker


Charlie Herman


Rana Foroohar and Joe Nocera
News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.