BOE execs guilty of 'groupthink' during 2007 crisis

Bank Of England Building

The Bank of England's senior executives were guilty of "groupthink" and complacency in the run-up to the country's credit crisis in 2007 , and even in the months after a leading retail mortgage lender was rescued, newly released documents have shown.

Morgan Stanley back in the spotlight

Morgan Stanley HQ

Since the financial crisis, Wall Street firms have argued that they were victims, just like everybody else, of the bad mortgages that were churned out by subprime lenders like Countrywide and New Century.