Surprise, surprise - human error.
The population of millionaires worldwide surged by 9 percent last year, growing to 12 million, according to a report.
President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer says.
Economist and former member of the Bank of England's (BoE) Monetary Policy Committee, Adam Posen said while outgoing governor of the BoE Mervyn King will be remembered as being a great public servant, he made a series of misjudgements which he has to take account for.
What's coming out next ?
Nomura plans 'some redundancies' in its Australian equities business in line with its global strategy, according to a memo obtained by Bloomberg News.
AstraZeneca has suffered another drug trial setback.
Hell, even Bernie Madoff could be out before some bankers get their bonuses!
Lock up the banksters. Or, as the Banking Commission put it, create a new criminal offence of "reckless misconduct in the management of a bank". This is an excellent idea.
People are living longer and the benefits promised to retirees are unsustainable because no one expected them to be paid out for so long. However, some think that some workers hit their prime well into their 60s.
The top Democrat on the U.S. Senate Banking Committee is conducting a wide-ranging inquiry into Wall Street’s compliance with government enforcement settlements, following complaints that banks keep getting in trouble after being punished by regulators.
Morgan Stanley has hired Anthony Armstrong from Credit Suisse as co-head of technology mergers and acquisitions.
Anshu Jain, who stepped down as co-chief executive officer of Deutsche Bank in June after 20 years at the company, said he regrets that its transformation into a global bank didn’t translate into a rising share price.