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DOJ warns Wall Street: Spies out to get you

Wall Street

The Department of Justice has a warning for Wall Street in the wake of last week's takedown of an alleged Russian spy ring operating in New York: Foreign intelligence services are actively trying to penetrate the U.S. financial system.

BNP Paribas chiefs lose bonuses

Pot Of Gold

BNP Paribas has slashed the bonuses for its top executives to reflect the impact of last year’s $8.9bn fine for US sanction violations that almost wiped out its annual profit.

Fears for US economy as shale industry goes into hibernation

Oil Barrels

America’s fracking revolution is becoming a victim of its own success. The controversial boom in shale gas and oil has driven the US economic recovery and helped lower world crude prices. But a price plunge from $115 (£75) a barrel last June to just above $50 last week means many shale operations no longer pay.

Ayn Rand would have been 110, and still influential years later

Alan Greenspan still pic

Modern-day capitalism has no shortage of heavyweight scholars - names such as Milton Friedman, Adam Smith, Friedrich von Hayek and Murray Rothbard are among the most prominent names that surface among free market thinkers. Yet the person most frequently evoked by proponents and detractors alike was neither a trained economist nor a traditional businessperson.

People News - Morgan Stanley, RBS

Morgan Stanley building

Morgan Stanley co-head of mergers and acquisitions for EMEA Johannes Groeller is to join Paul Taubman's advisory boutique, a source familiar with the move has told Reuters.