Citigroup has revealed plans to cut 52,000 jobs on top of the 22,000 staff reductions announced in October. The moves will reduce Citigroup's head count from a high of 375,000 in 2007 to 300,000 now as CEO Vikram Pandit struggles to get the US banking group back on track amid massive losses and a record low share price.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
