Citigroup may cut 15,000 jobs as part of a restructuring plan involving the out-sourcing to India of mid- and upper-level jobs in research, investment banking and credit analysis.

BOMBAY, India -- Citigroup Inc. plans to buy out the remaining shares of its Indian back-office processing arm for $122 million in the second major foreign acquisition of a local outsourcing ...

SOURCE: ECONOMIC TIMES BANGALORE: Having sold its back office and IT captives to TCS and Wipro last year, Citigroup is now exploring sale of its internal technology platforms, bundled wit outsourcing ...

After decades of outsourcing much of its back-office operations, banking giant Citigroup is shifting gears. The company plans to reduce its reliance on external IT contractors from 50% to 20% and ...

SAN FRANCISCO (CBS.MW) -- The profit to be made and money to be saved in the outsourcing industry proved too tempting for IBM and Citigroup to ignore.

Citigroup Inc., which operates bank branches in Connecticut, said today it completed the sale of its India-based business process outsourcing unit Citigroup Global Services Ltd. to Tata ...

Citigroup is outsourcing some investment services offered to U.S. branch customers to external advisers, Financial Times reports. The bank will start referring some wealthy clients, who deal with ...

Offshore outsourcing and IT services provider Wipro Ltd. is buying Citigroup Inc.’s IT subsidiary in India for $127 million, under a deal that also gives Wipro a six-year contract worth at least ...

BANGALORE (MarketWatch) -- Citigroup Inc.'s (C) India-based business process outsourcing arm Citigroup Global Services Ltd. and its technology and infrastructure outsourcing arm Citos are up for ...