Bank of America CEO Brian Moynihan has been doing a Vikram Pandit - sending 'inspirational' memos to his staff.

Back by popular demand.

Many of you will already have had one of these from your firm. If you haven't, expect something similar sometime soon.

Fidelity Investments has agreed to pay $8m to settle US Securities and Exchange Commission charges that several of its brokers received $1.6m in gifts over a period of years from clients who were allegedly hoping to do more business with the firm.

The four key principles - the values that guide the firm are:

We thought it would be interesting to republish something we first posted a few years ago about the impact of not making the grade at Partner Managing Director level over at Goldman Sachs.

In 1844, 23-year-old Henry Lehman, the son of a cattle merchant, emigrated to the United States from the town of Rimpar, in the German state of Bavaria. He settled in Montgomery, Alabama, where he opened a dry goods store, 'H. Lehman'. In 1847, following the arrival of Emanuel Lehman, the Firm became 'H. Lehman and Bro'. With the arrival of their youngest brother, Mayer Lehman, in 1850, the Firm changed its name again and 'Lehman Brothers' was founded.

Completed distressed debt and bankruptcy restructuring activity totaled US$105.9 billion during the first half of 2017, a 28% increase from the same period last year.

The list of nine too-big-to-fail insurers was published late Friday by the Financial Stability Board, the Basel, Switzerland-based body set up by the Group of 20 nations.