The Citigroup logo on a a bank branch on June 23, 2008 in New York. The New York bank, which has suffered 15 billion dollars in losses over the past two quarters and is likely to rack up billions of dollars in additional write-downs in the second quarter, will dismiss thousands of investment-banking employees world-wide this week as part of a plan to cut the roughly 65,000-employee group by 10 percent, the Wall Street Journal reported. AFP PHOTO/Don EMMERT