LATEST

Goldman Sachs abandons Libya lawsuit bid

Goldman Sachs Logo

Goldman Sachs has abandoned its bid to get a U.K. court to throw out a $1bn lawsuit by the Libyan Investment Authority that alleged the New York-based bank made about $350m selling it investments that turned out to be worthless.

Revel casino lost money when it fell off roof

Roulette Wheel

Atlantic City's Revel casino, which announced earlier this month that it will soon shutter, lost more than $20,000 in cash when the money fell off the roof of an armored truck, according to a report from Press of Atlantic City.

New York tops billionaire birth list

Foot In Mouth

More billionaires have been born in New York City than in any other city in the world, according new research by U.K.-based luxury magazine Spear's and research company WealthInsight.

Central banks need exit strategy from post-crisis policies

Ben Bernanke

September 16 2008 was the day central banks stopped being boring. The day Lehman Brothers went down was the cut-off point between conventional monetary policy – moving official interest rates in baby steps to keep inflation low – and unconventional monetary policy.

HOT LIST

Dog Detective

UBS steps up vetting of employees

UBS has said it had expanded the number of employees that are subject to internal background checks to around 15 percent of its workforce in a move than came in the wake of numerous scandals.

Bank Of America Corner Signs

BofA's top paid banker to be sole COO

Bank of America's Thomas K. Montag, the bank’s top-paid senior manager, will become sole chief operating officer as co-COO David Darnell takes a new title so he can move to Florida.

Deutsche Bank - Foyer Undersphere

Deutsche Bank makes two senior hires

Deutsche Bank has appointed Richard Shannon as Americas Chief Information Officer (CIO) and Co Head of Group Technology & Operations (GTO) Americas, with Scott Marcar appointed as Head of IT Infrastructure.

Java Code

Giving your career a new lease of life

Professionals are lining up to learn coding as a way to give their careers a new lease of life, with a slew of training companies cropping up to meet a booming interest in programming.

FEATURED

Foot In Mouth

New York tops billionaire birth list

More billionaires have been born in New York City than in any other city in the world, according new research by U.K.-based luxury magazine Spear's and research company WealthInsight.