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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.