Breaking news: Bankers apologise
Four of the country’s former leading banks chiefs today said they were “profoundly and unreservedly sorry” for events leading to…
ByMonth: February 2009
Global depression time
Why are we calling the Global Depression now? Answer: because it is a fact and no one knows what to…
ByHSBC to launch $10m private banking rebranding
HSBC is to launch a $10 million rebranding of its global private banking operations, amid concerns in the wider industry…
ByGuardian: UBS loses £11.3bn in 2008, 2,000 jobs
UBS today confirmed investors’ worst fears by declaring an £11.3bn loss for 2008 and announcing it would axe around a…
ByFT: Rush to gold continues
Investors are buying record amounts of gold bars and coins, shunning risky assets for the relative safety of bullion amid…
ByA disappearance in Iran
There is a strong suspicion that Levenson may be imprisoned somewhere in Iran, and there is a precedent. The disappearance…
ByComment is fraught
I was ridiculed as a privileged idiot, a liar, and an imperialist; they relished their ecstasy in my virtual burning…
ByProfits at Barclays Wealth rise as group’s fall
Barclays Wealth announced an impressive 119 percent increase in divisional profits for 2008, as its parent booked a 14 percent…
ByReuters: UBS will hang onto US WM arm
ZURICH, Feb 6 (Reuters) – UBS AG (UBSN.VX: Quote, Profile, Research) (UBS.N: Quote, Profile, Research) has decided to hang onto…
BySunday Times: Barclays praised Madoff funds
Barclays Bank recommended that wealthy clients should pour money into Bernard Madoff’s funds, describing the $50 billion Ponzi scheme as…
BySunday Times: UKFI chair’s Liechtenstein links
The financier who has been appointed to protect taxpayers’ money in Britain’s bailed-out banks is a former trustee of a…
ByTriennial triumph
The Tate’s latest Triennial embraces post-post-modernism from around the world, in a joyous and difficult celebration. It is all, says…
BySuper-prime property falls precipitously
Despite the appearance of immunity from the falls affecting every other sector of the property market, super-prime houses (above £10…
ByJersey Finance ‘disappointed’ about Panorama
Jersey Finance has expressed “disappointment” at the view of offshore centres presented in Panorama broadcast on BBC One earlier this…
ByFacing up to a P45
Many of London’s lawyers and financiers are now working under the threat of redundancy. Josh Spero looks at the rights…
ByDoubledown Media folds
Doubledown Media, publisher of Trader Monthly and other magazines aimed at rich and aspiring Wall Street executives, shut down after…
ByWSJ: UBS looking to sell US WM business
UBS AG is shopping around its U.S. wealth management business to a number of suitors as part of a global…
ByHays: Club for ultra-rich to be sold to financial firm
The Yellowstone Club, an exclusive haven for the ultrarich now under federal bankruptcy protection, would be sold for $100 million…
ByFT: Deutsche makes first loss in 50 years
Deutsche Bank revealed the havoc wreaked upon its securities trading business in months of “unprecedented” market turmoil and said it…
ByNYT: Obama announces $500,000 pay limit
In announcing executive pay limits on Wednesday, President Obama is trying to hold the financial industry accountable to taxpayers while…
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