The Japanese used to admire Citibank, but it seems like the bank is not going well in the United States.
Accroding to the New York Times:
NEW DELHI, March 26 — Under pressure from shareholders, Citigroup is planning to shed thousands of jobs and sharpen its focus on its operations outside North America. ...
Citigroup has been under pressure to cut costs and grow profits, after being dogged with problems from regulatory lapses to increased competition. Several analysts have suggested that the colossal bank is worth more in parts than together.
http://www.nytimes.com/2007/03/26/business/26cnd-citi.html?_r=1&hp&oref=slogin
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