Reuters: 500 jobs to go at Barclays Wealth
Britain’s Barclays Plc is cutting over 2,100 jobs across its investment banking and investment management (IBIM) units, or about 7…
ByMonth: January 2009
Mayfair rents collapse as hedgies move out
Office rents in Mayfair, the traditional home of London’s hedge funds, fell by almost 30 percent in 2008, according to…
ByTimes: New art fund expecting bargains
One of London’s top professional art investors is to set up a special fund to cash in on the bargains…
ByThe tragedy in Gaza
The horror of the carnage overshadows some unpalatable truths about Hamas. The world television-viewing public is appalled by the daily…
ByMorgan Stanley-Smith Barney merger threatens layoffs
In what will represent a new quake across the tectonic plates of US financial services, Morgan Stanley is negotiating terms…
BySunday Telegraph: New Star sale expected soon
A buyer for troubled fund manager New Star Asset Management could be announced by the end of the month after…
ByMadoff Scandal: Special Section
It is the (allegedly) the largest fraud in modern history: $50bn may have disappeared in a giant Ponzi scheme orchestrated…
ByMadoff’s Victims: A Comprehensive List
Click here to download a comprehensive list of the alleged victims of the Madoff scandal, as compiled by AlixPartners of…
ByVictoria Aitken
GSTAAD DIARY Right off the train I went to the Palace Hotel to meet Ivan Lindsay, my holiday host. I…
ByFT: Jargon busting
Every January, I hand out awards to the world’s top purveyors of business twaddle for outstanding achievement during the past…
ByMoney flies to Belgium
In a new sign of the scale of the flight to quality to financial institutions perceived by clients as safe,…
ByFull disclosure of short positions may be required
The FSA is considering extending the disclosure on short positions to all publicly traded UK firms, and has been consulting…
ByHow Madoff Did It
It was so simple – that is why he got away with it. Here is how he did it. By…
ByAmerican warfare unleashed
Now it is clear that the drones have been authorised to launch their lethal Hellfire missiles. Although the Pentagon has…
ByDon't Let's Be Beastly to the Germans
Peer Steinbruck may be glorying in British troubles now, but we ought not to respond in kind – just think…
ByClear Off! We Want Our Houses Back
The upstart owners of London’s best properties are being driven away by the recession. About time, says Anthony Rufus-Isaacs The…
ByBank of China Rothschild share bid given more time
Bank of China has extended the deadline for its acquisition of a 20 percent stake in French private bank LCF…
ByFT: Veteran McCann quits Merrill
Robert McCann, head of Merrill Lynch’s “thundering herd” of 16,000 financial advisers, is leaving the firm that he has worked…
ByL’Affaire Madoff: The Movie
Like the unspooling of a Hollywood epic of the golden age (Ponzi with the Wind?), there are reels to go…
ByPapa's got a brand new Jag
A few months ago, my BMW 740 had the motoring equivalent of a heart attack on the M40. A few…
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