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.
Turquoise, the high-profile rival to big stock exchanges in Europe, is in talks with banks and brokers about raising additional funds, in an early sign that alternative trading systems may be struggling to make as big an impact as they had hoped.