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$C CEO Michael Corbat said that during 1Q16, the company reduced its branch footprint by 82, while increasing the avg. deposits in its nearly 2,700 branches globally. The company took a re-positioning charge in the quarter, which will drive an additional reduction of headcount. $C also drove a significant reduction of assets in Citi Holdings.
You are such a letdown $FII. I regret not selling you when you were nearing $33. Now I am stuck with you, you are stuck with me!
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!