Citigroup, which employed 240,000 people at the end of last year, reduced its headcount by 7,000 between January and September. Nathan Howard/Bloomberg
Penny Crosman is the Executive Editor of Technology at American Banker, with a focus on covering the latest developments in the financial technology sector. With a passion for technology, innovation, and social justice, Penny's work explores the intersection of finance and technology, highlighting the impact on the industry and society as a whole. Her articles have also been featured in publications such as PaymentsSource, National Mortgage News, Financial Planning, Employee Benefit News, and Digital Insurance.