Citigroup reports $110 mln leveraged-loan loss as other banks avoid sector exposure

NEW YORK, Oct 14 (Reuters) – Citigroup (C.N) took a $110 million writedown on leveraged loans in the third quarter, the company said on Friday as its Wall Street competitors…

Goldman to cut thousands of staff as Wall Street layoffs intensify -source

NEW YORK, Dec 16 (Reuters) – Goldman Sachs Group Inc (GS.N) is planning to cut thousands of employees to navigate a difficult economic environment, a source familiar with the matter…

Credit Suisse Business Model Endorsed by Switzerland’s Central Bank

(Bloomberg) — Swiss National Bank President Thomas Jordan has voiced support for Credit Suisse Group AG doing less investment banking, as the lender struggles to recover from billions in losses…