Top Cypriot bankers cited in report
LONDON — Two of the most senior executives at Bank of Cyprus may have deleted crucial email documents last year relating to what proved to be a disastrous decision to invest heavily in Greek government bonds just before Greece’s international bailout in 2010, according to an investigative report commissioned by the central bank of Cyprus.
Despite push for austerity, EU debt has soared
LONDON — As Greece and its international lenders continue tense talks on reducing the Greek budget deficit, new data from the European Union on Monday underscored the potentially Sisyphean nature of such efforts.
For bankers, a routine deal is an $840 million mistake
LONDON — To the bankers here, it looked like a chance to make a quick $7 million — risk free.
Fall of British Bank Echoes Across the Atlantic
Is partial nationalization the cure for America’s ailing banks?
MIT Alumnus Thain Chosen to Lead Merrill Lynch
John A. Thain ’77 won plaudits as Wall Street’s Mr. Fix-It by revitalizing the embattled New York Stock Exchange. Now, he faces what could be a more formidable challenge: turning around Merrill Lynch, the once-proud Wall Street firm battered by losses from the mortgage debacle.