Bank of America’s Dublin unit, Merrill Lynch International Bank Ltd,  began moving assets from Ireland to the UK in 2013 as part of a move to simplify its company’s structure. Photograph: Mike Blake/Reuters

Bank of America’s unit in Dublin paid a $2 billion (€1.75 billion) dividend to its UK parent last year, following a shift of its half-a-trillion-euro (...)

 Bank of America  building in Chicago: The “living will” plans   are intended to prevent more taxpayer bailouts of big institutions and the kind of chaos sparked by the 2008 collapse of Lehman Brothers. Photograph: Christopher Dilts/Bloomberg

Five big US banks including JPMorgan Chase and Bank of America have been warned by regulators to reform or face harsh sanctions after their plans to (...)

Hume House in Ballsbridge, Dublin 4.  Blackstone is to sell on the building just over 12 months after buying the distressed asset from Nama.

Just as the US property boom was coming to an end in 2007, Jon Gray, the 46-year old head of real estate for Blackstone, spent $39bn to acquire Equit(...)

As chief financial officer of Lehman Brothers in 2008, Erin Callan’s job was to try to reassure Wall Street that the troubled investment bank was fine. She has since had a daughter and rebuilt her life.

As the financial system was teetering and about to collapse, Erin Callan had a prescient exchange with one of her colleagues at Lehman Brothers. It w(...)

A specialist trader works at his post on the floor of the New York Stock Exchange. Photograph: REUTERS/Brendan McDermid

Are emerging markets the trade of the decade? Emerging markets are stuck in bear market territory and have endured years of underperformance, but they(...)

Republican presidential candidate John Kasich. Photograph: Sean Rayford/Getty Images
Planet Business

Image of the week: Death on the markets Death has been in charge of the stock markets lately, according to this picture evidence from Frankfurt, Ge(...)

Witness Matt Cullen, a senior manager of Anglo Irish Bank’s treasury department in 2008, arrives at the Dublin Circuit Criminal Court to continue giving evidence in the trial of four former bankers - John Bowe and William McAteer from Anglo, and Denis Casey and Peter Fitzpatrick from Irish Life & Permanent who are accused of conspiring to mislead investors by using interbank loans to make Anglo appear €7.2 billion more valuable. Photograph: Collins Courts.

Anglo Irish Bank management discussed disguising short-term loans of €750 million from Irish Life & Permanent and keeping them “tight as a duck’s (...)

Former financial regulator Patrick NearyPatrick Neary arriving at the Oireachtas banking inquiry last May. Photograph: Dara Mac Dónaill.

2008 March 17th: St Paddy’s Day massacre as Anglo shares plummet 30 per cent in price. September 15th: US bank Lehman Brothers collapses. Septe(...)

A worker at a Texan oil rig. Photograph: Brittany Sowacke/Bloomberg

If you ever went looking for evidence to prove that economists, analysts, journalists and so-called expert commentators haven’t a clue what they are (...)

Seven years after the onset of the financial crisis, John Kay recalls the events and offers an analysis of their precipitation. He proposes remedies t(...)