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Citibank To Cut 11,000 Jobs

Source: Mario Tama / Getty

Another major U.S. bank is being reeled in and penalized for running scams that cost you, the consumer, big bucks.

Click the media player below to listen to today’s #YourMoneyMatters Report with Kim Wells to see what Citibank is accused of, who’s protecting you and how much they must pay in restitution…

(Source: Wire–Mimi Chiahemen contributed to this report.) 

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Follow me on Twitter@kwellscomm.