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Investment banking News

Citigroup Posed To Cut Thousands Of Jobs

Citigroup currently has about 65,000 employees in its investment banking unit. About 10 percent of those will soon be looking for another job.

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Euro chair backs investment call

The eurozone's finance chair backs calls by French presidential candidate Francois Hollande for a bigger European Investment Bank.

RBS to cut 3,500 jobs in shake-up

The Royal Bank of Scotland says it is to cut 3,500 jobs in the UK and elsewhere as it shrinks its investment bank.

Lord Smith to chair green bank

Lord Smith of Kelvin will chair the UK's Green Investment Bank, Business Secretary Vince Cable announces.

AUDIO: JPMorgan loss 'not life threatening'

JPMorgan Chase, the biggest US bank, has revealed a surprise trading loss of at least $2bn (�1.2bn) on complex investments made by its traders. Mike Mayo, US banking analyst at investment firm CLSA, told the Today programme that 'thought investments were conservative'

AUDIO: Is free banking really a myth?

Andrew Bailey, an executive director at the Bank of England who is to be the head of the unit that will supervise banks, investment banks and insurance companies, has said "free banking" is dangerous. Business editor Robert Peston assesses the implications of such a statement on the banking industry.