Citigroup's Pandit Faces an `Impossible Feat,' Oppenheimer's Whitney Says

Citigroup Inc. Chief Executive Officer Vikram Pandit faces an ``impossible feat'' in turning around the biggest U.S. bank as it faces ``seismic'' costs to restructure, Oppenheimer & Co. via Bloomberg Business News

[Citifnancial Concerned]

Anyone heard of any Citifinancial layoffs ..Closing any branches..

[Already Gone]

Runors are just that, but one that I have heard is that CitiFinancial will encounter another round of layoffs and it is estimated that the DM core will be looked at this along with possibly shutting down some of the remote branches that aren't doing real well. Again a rumor is a rumor, but I have found where there is smoke there is fire. Good Luck. Truthfully the new Area Director job is a bit of a joke as well. Their are a few fat cats in this group that could go. The new AD position is nothing more than glorified RM position with no pay raise and several didn't even get very much more than the terrirtory they already had....How stupid.