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.
Europe has made absurd demands on its supra-national regulatory bodies in the wake of the credit crisis and should create a single structure to manage financial oversight, according to a new report from the Centre for European Policy Studies.
Highbridge Capital Management helped its owner, JP Morgan Chase & Co., become one of the biggest hedge-fund managers in the world. But like many prized assets roiled by this year's markets, Highbridge has shrunk considerably, and now many investors want out.