Tag Archives: credit suisse
Madoff & Credit Suisse – how did a major bank lose $925.9 mln?
The Times broke a story which based on “Internal forecasts” the reported losses of investments made into Madoff funds by Credit Suisse clients could reach $925 million. This follows the admission that Swiss bank UBS lost $1.4 billion. Credit Suisse are standing firm on their statement that they didn’t have anything to do with promoting or selling Madoff investments. While […]
Do Citigroup, JPMorgan Chase and Other Banks Hire More Than They Fire?
It’s no secret that Citigroup has a workforce problem this holiday season. The company may not be planning to layoff as many people as Morgan Stanley did last year, but if the reports are accurate, the firm is not in hiring mode either. Or is it? In North America alone, Citigroup is looking to fill 2,164 positions. Worldwide the company […]