NAB in trouble in the UK. And other business tidbits of the day.
Goldman Sachs is being sued by the SEC for deliberately intending to defraud investors. But it isn't the only US bank pulling those shonky moves, with Merrill Lynch accused of doing the exact same deal.
The story of Steven Mandala, who got a job with investment bank Merrill Lynch, talked them into giving him a $780,000 loan on his first day, bought a Ferrari and went AWOL.
NZ shareholders will be hoping that their $500,000 boardroom table is a better investment than a$1400 rubbish bin
Former Merrill Lynch CEO John Thain now regrets buying a $68,000 antique credenza and $1400 wastebasket for his office after the company lost $15.3b and was bailed out by the government.
Bernanke didn't railroad the Bank of America into buying Merrill Lynch, says Morgan Housel.
Merrill Lynch's new found optimism on Fairfax should be taken with a grain of salt.
Economists warned Australia to brace for the impact of a downturn in demand for its strongly performing export sector.