Goldman Sachs partners typically earn a base salary of about $900,000
Photograph: Bloomberg

Irishmen Fergal O’Driscoll and Colin Ryan have joined 76 other employees in being inducted into the elite partnership of the global investment bank Go(...)

Timothy Geithner, president and managing director of Warburg Pincus LLC and former US Treasury secretary, walks to the US Court of Federal Claims in Washington yesterday. Photograph: Andrew Harrer/Bloomberg

The failure of American insurance giant AIG in September 2008 would have been “even more damaging” than the failure of Wall Street bank Lehman Brother(...)

Barney Frank: former chairman of the House Financial Services Committee ensured mark-to-market practice ended. Photograph: Charles Dharapak/AP

The economic crisis sparked by the subprime mortgage market in the US was the fault of an accounting rule, guests heard a US economist argue over dinn(...)

Warren Buffett, chairman and chief executive of Berkshire Hathaway, speaking at Georgetown University in Washington DC last Thursday. Photograph: Andrew Harrer/Bloomberg

When you’re trapped in a city with House Republican gargoyles who don’t understand maths or history, much less reality, sometimes you crave a dose of (...)

The headquarters of Lehman Brothers in New York on September  15th, 2008, the day the bank filed for bankruptcy.

W hen Lehman Brothers filed for bankruptcy on September 15th, 2008, the financial sector shook across the world. The bank was forced to seek Chapter 1(...)

This week’s Asia Briefing comes from Chengdu, in the western Chinese province of Sichuan, which is hosting the three-day Fortune Global Forum of busin(...)

A man waits to make a transaction at a Laiki Bank ATM in Nicosia yesterday. Cyprus’s two insolvent banks are being put through resolution procedures that will see equity holders and bondholders lose out and uninsured deposits subjected to a substantial write-down. Photograph: Reuters/Yorgos Karahalis

From an Irish perspective the most remarkable aspect of events in Cyprus is how they represent a complete reversal of Eu ropean policy from the(...)