Citigroup said Thursday it plans to cut around 3,500 technology positions in China, in the latest move by a major U.S. bank aimed at streamlining global operations and reduce costs. The reduction ...

The layoffs in China come as Citi continues to work through a broader plan announced January last year, to reduce 10% of its workforce, or about 20,000 employees globally.

Citigroup Inc. is undertaking significant adjustments to its operational and policy frameworks, announcing on Thursday a plan to reduce its technology workforce in China by approximately 3,500 ...

On Wednesday, Citi and Orient announced that China Securities Regulatory Commission have granted them the permission to form the JV, which will be named Citi Orient Securities Co. The JV will ...