Changes Coming at ABN Amro

ABN Amro Mortgage of Michigan -- which is now owned by Citigroup -- is expected to hold town hall meetings at several company sites Thursday to announce a companywide restructuring plan, industry sources have told MortgageWire.A Citigroup spokeswoman said she had no information to provide concerning ABN Amro. Citigroup confirmed early Wednesday morning that it will cut 17,000 positions worldwide, but it offered no breakdowns on how it would affect individual business units. It also said it would move 9,500 jobs to "lower-cost" locations domestically and offshore.