Goldman Sachs CEO Lloyd Blankfein and six company executives said they would renounce their 2008 bonuses. The Federal Deposit Insurance Corp. unveiled a plan to stop about 1.5 million home mortgage foreclosures. The FDIC says the plan will cost about $24.4 billion, which could be paid from the U.S. Treasury’s $700 billion bailout program for the financial industry. European markets also lower on Monday after the conclusion of the G-20 meeting over the weekend in Washington D.C.”]
Source: https://www.cuinfosecurity.com/nov-17-update-citi-to-slash-50000-jobs-a-1067