'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.

But news of the bailout - which was quickly relayed by senior management - helped to settle nerves.

'It feels good that there are internal communications daily and the conference calls from New York do help. You don't feel that lost when the management tells you why and what's happening,' said another staff member.

'So far so good, the management is doing morale boosting stuff now and it seems to be working,'' said a third staff.

Citi Singapore has gone into overdrive in recent days, taking out full page newspaper advertisements and writing to reassure both staff and customers here.

Read the full story in Tuesday's edition of The Straits Times.