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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.

BOE execs guilty of 'groupthink' during 2007 crisis

Bank Of England Building

The Bank of England's senior executives were guilty of "groupthink" and complacency in the run-up to the country's credit crisis in 2007 , and even in the months after a leading retail mortgage lender was rescued, newly released documents have shown.

Byron Wien's surprises for 2015

Calendar Close Up

Despite the rough start to the year, Blackstone's Byron Wien told CNBC he thinks the S&P 500 will produce a 15 percent return for 2015.

Hedgie son charged with father's murder


The son of Wainscott Capital Management founder Thomas Gilbert Sr., who wanted to follow his dad into the money-management business, was charged with murdering him after police said he staged a shooting to look like suicide.



Money Graph

Banker insists she was following orders during heist

The Philippine bank manager who approved fund transfers at the center of an $81m cyber heist will tell lawmakers in a closed hearing Thursday that she was following orders from high-level officials at Rizal Commercial Banking Corp., her lawyer said.