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Every Time A Bank Shrinks, Another Private Equity Firm Gets Its Wings

D.M. Levine | Posted 03.22.2012 | Business

As banks keep shrinking, private equity keeps growing. A subsidiary of Bain Capital, the private equity firm Mitt Romney helped found, has agreed t...

Britain's Largest Mortgage Lender Axing 15,000 Jobs

Posted 08.30.2011 | Business

LONDON (Sudip Kar-Gupta and Steve Slater) - Lloyds will axe 15,000 jobs and halve its international presence, a plan its new boss hopes will save 1.5 ...

Goldman Sachs Was Both Lloyds Underwriter And Investor, FT Reports

Posted 05.25.2011 | Business

Goldman Sachs' pledge that "clients' interests always come first" was formally called into question last week when the SEC filed civil fraud charges a...

RBS ATM Withdrawals Were Monitored Hourly During Banking Crisis

The Guardian | Jill Treanor | Posted 05.25.2011 | Business

City watchdogs were monitoring cash withdrawals from Royal Bank of Scotland every hour during the height of the banking crisis, the Guardian can revea...