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Artworks go on sale as bank is wound down

No Money Broke

The art collection of failed lender WestLB, including a piece by Morris Louis of the Washington Color School movement, is going on sale as the German state seeks to retrieve funds used in the bank’s rescue.



Daniel Craig As James Bond

Merrill Lynch wins bond case

Bank of America’s Merrill Lynch units won a case on appeal to Japan’s highest court against a ruling that they must pay damages to failed consumer lender Takefuji Corp. for their role in a bond transaction.


The robots are forcing you to get better at your job

Increasingly complicated regulation is bulking out the pay packets of those who keep companies on the straight and narrow, according to research shown exclusively to City A.M., but advances in technology could force a shakeup in what the typical role looks like.