By Francis Chan

STAFF at the Singapore unit of Citigroup yesterday expressed relief at the US government's move to bail out the financially troubled bank.

'I meet a lot of the senior staff here and I can tell they are more relieved today,' said one staff member, who asked to remain anonymous, speaking from Citi Singapore's Temasek Avenue office.

Some staff, fretting over news of 52,000 job cuts across Citigroup's worldwide operations announced last Monday, had spent the weekend wondering if they were next on the chopping block.

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