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.
Financial services firms carrying out mass job cuts could be at risk of falling foul of age discrimination laws by targeting the best paid and most experienced workers for redundancy, a prominent City law firm has warned.
One of last year's best-performing hedge funds has suffered so badly from falling securities prices that it has wiped out all of its gains since launch, as falling securities prices expose asset managers who were relying only on rising markets to make money.