Concerns grow that Britain and the City are heading for a recession which has resulted inCitigroup shedding hundreds of London-based jobs.In December 2007, the world’s largest bank posted a $9.83 billion net loss for the fourth-quarter, caused by an $18.1 billion exposure to the sub-prime mortgage debt.The Citigroup retrenchment means that investment banks in London [...]

More: Hundreds of jobs shed at Citigroup

I wonder how many of the staff losing their jobs were actually involved at all in the losses suffered...