It's all his fault.
Tim Wise of JP Morgan is made of stout moral stuff. When advising the Co-op Group on its ill-fated transaction with Britannia Building Society in 2009, his judgments were not swayed one iota by the knowledge that a £5m fee for his employer would only be paid if the deal actually happened.
When it comes to Wall Street grudge matches, this one is sure to rank right up there.
Qantas is seeking legislative changes from the federal government to “level the playing field” with its rival Virgin after it announced 1,000 job losses, foreshadowed its first loss in the six months to December and announced cost-cutting to save $2bn over three years.
Hewlett Packard (HP) has announced plans to cut more than 1,100 UK jobs at the start of next year.
The former president of the Dutch Central Bank, Nout Wellink, has told students at the University of Amsterdam that the hype around bitcoin is worse than his country's Tulip mania in the 17th century.
The ratings agency Standard & Poor's is considering lifting its threat to Britain's AAA credit rating in a boost to the chancellor George Osborne ahead of Thursday's autumn statement.
Some employees will be smiling.
Royal Bank of Scotland has neglected its technology for decades, the state-backed bank's boss admitted on Tuesday after a system crash left more than 1 million customers unable to withdraw cash or pay for goods.
The Securities and Exchange Commission asked Morgan Stanley about 'multiple significant deficiencies' in its financial reporting after the firm corrected accounting errors involving loan cash flows, income taxes and derivatives contracts.
The Bank of England deputy governor, Minouche Shafik, has said she will not vote for an interest rate rise until she is convinced wage growth has recovered.
The fall from grace for China’s biggest brokerage and investment bank, Citic Securities, has been fast and steep.
Norwegian entrepreneur Alexander Vik showed up in London court Friday to fight a claim that he hid assets to avoid paying more than $250m in legal fees to Deutsche Bank, saying that he owes double that to his own father.