The Libyan Investment Authority claims that Goldman Sachs made $350m – and cost the country over $1 billion – by tricking “naïve” staff into paying vastly over the odds for products that proved worthless.

The Bank of England has announced that Deloitte will lead the investigation into what went wrong with its Real-Time Gross Settlement (RTGS) system on 20th October, causing chaos as payments were blocked.

The financial services firm Wolters Kluwer has published a white paper giving best practice guidelines on how financial institutions can boost their risk management efforts through stress testing.

Wibke Pendse is moving from California to London to lead Silicon Valley Bank’s private equity finance and banking business in the UK.

Banks no longer hold the monopoly on funding. The alternative finance industry has more than doubled year on year since 2012, making it easier for people to fund their business or charitable ventures. This guide from Invapay sees the alternative finance market reaching £4.4 billion in 2015.

India might be lagging behind China, Russia, Brazil and many mature markets when it comes to cashless payments, but a surge in enthusiasm means that this is set to change.