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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.

BofA's top paid banker to be sole COO

Bank Of America Corner Signs

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.

UBS steps up vetting of employees

Dog Detective

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.

Deutsche Bank makes two senior hires

Deutsche Bank - Foyer Undersphere

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.