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.
Half of all private equity buyouts completed over the past three years may run into trouble, according to leveraged finance bankers, signalling growing fears over the industry’s ability to pull through the economic downturn without substantial casualties.