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Global finance could lose $2.8 trillion in crisis 28 Oct, 2008 TOKYO/LONDON: The global financial system could lose $2.8 trillion to the credit crisis, the Bank of England said on Tuesday, before an expected interest rate cut in the United States that others are poised to match. Governments...

Citi posts loss of $2.8 bn, slashes 11,000 jobs NEW YORK: Financial services behemoth Citigroup on Thursday reported a net loss of 2.8 billion dollars for the third quarter ended September, primarily on credit-related losses and also slashed around 11,000 jobs. The American giant led by...