Big banks implementing layoffs in restructuring push

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Big banks Citigroup (C), Goldman Sachs (GS), and Wells Fargo (WFC) CEOs are feeling the pressure, not only with their third-quarter earnings expectations but...

) CEOs are feeling the pressure, not only with their third-quarter earnings expectations but also with shifts in staff size and business structure. Yahoo Finance's David Hollerith reports on Citigroup CEO Jane Fraser's plans to implement layoffs and the challenges putting a squeeze on the banking sector.U.S. stocks rallied on Friday, led by technology shares to a sharply higher close as investors assessed a jobs report that showed U.S.

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