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Is the way investment banks are paid for deal advice sensible ?

Piggy Bank

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.

RBS admits neglect, trader drops lawsuit

RBS branch sign

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.




Entrepreneur fights Deutsche Bank legal claim

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.