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Ditch the handshake

Mummified Hand

The 'fist bump' - the greeting used by U.S. presidents, sports stars and rappers - has been given a clean bill of health, according to university scientists who released new research Monday showing that it could be more hygienic than the formal and business-like handshake.

Goldman 'babbles'


Goldman Sachs is spearheading an effort among Wall Street's leading banks to develop a chat tool called 'Babble' that could replace the instant messaging service on Bloomberg's ubiquitous terminals.

Ex-BofA trader spared prison

Bank Of America Corner Signs

A former Bank of America derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the $3.7tril municipal bond market.

Sentencing delayed for Madoff five

American courtroom

The sentencing of five former aides to Bernard Madoff was delayed until mid-September after a federal judge in New York said 'voluminous' paperwork required a postponement of hearings originally scheduled for for later this week.




BNY Mellon faces lawsuit over investor losses

Bank of New York Mellon must face a lawsuit seeking to hold it liable for causing $1.12bn of investor losses by failing to properly monitor five trusts backed by toxic residential mortgages, a Manhattan federal judge ruled.