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Top Firm Said In Need Of $10bn Additional Capital

The Wall Street Journal reports that, according to unnamed 'people familiar with the matter', Citigroup may need to raise an additional $10bn in capital. At least that appears to be the view of the US government, which recently completed its 'stress-tests' on the nation's 19 largest banks.

Top Firm Confirms 2,000 Job Cuts

Reuters reports that UBS has confirmed that it has axed 2,000 staff from its wealth management unit in the United States. The cuts are part of the firm's latest restructuring, which will eventually see 8,700 jobs go.

Troubled Bankers

Here's an interesting collection of bankers who are experiencing a variety of problems from alleged insider trading, complicity in tax evasion, securities fraud and good old straightforward bonus blues.