The financial crisis has cast light on some very complex structures that are difficult to understand – and few more so than the board of directors of Citigroup.
Credit Suisse is cutting 10% of its London-based staff with the loss of over 600 jobs as the Swiss bank continues to slash positions across its investment banking business in the wake of the global financial crisis.
The Financial Services Authority has proposed the creation of a two-tier listing system that aims to offer investors greater clarity about the sort of company they are buying into and will controversially allow UK companies to list under less onerous European Union governance standards.