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UAE royals' mega-yacht knocks Abramovich off top

Monaco Yacht Show Still

They flaunt their cash around the world, buying soccer clubs, owning airlines and running banks. Now the Emirati Royal Family rules the waves too after ranking first in a league table of owners of the world's biggest mega-yachts, knocking billionaire Roman Abramovich off the top spot.

Is the banking system too big?

European Union

How big is too big for a banking system? It is a question that has been posed many times since the 2008 crisis when the phrase 'too big to fail' entered the lexicon as taxpayers were forced to bail out their banks or face financial meltdown.

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