WBrief: Citigroup PB’s revenues down by 20%
Citigroup reported a $4.3 billion profit for the period ended 30 June 2009, boosted by a $6.7 billion after-tax gain…
ByMonth: July 2009
FT: Private banks see net inflows, mutuals bust
European private banks continued to attract net inflows of client money last year, even as the mutual fund industry haemorrhaged…
BySunday Times: Lord Myners loses faith, finds god
Lord Myners, the minister appointed to clean up the City, is so disenchanted by bankers’ greed and self-aggrandisement that he…
ByTimes: Walker report to prompt exodus?
A new government-sponsored crackdown on City pay was condemned yesterday as too extreme amid warnings that it risked triggering an…
ByThe author, elated
The author, elated, at Farah Damji’s book launch. The photograph was taken by Anna Cohen. The author, elated, at Farah…
ByBreaking: JP Morgan PB’s revenues down by 10%
JP Morgan said its private bank revenues fell by 10 per cent or $640 million in the second quarter of…
ByPeople Will Talk: In the bar
Overheard in the Bemelmans Bar, the Carlyle Hotel, Manhattan. Overheard in the Bemelmans Bar, the Carlyle Hotel, Manhattan. Please send…
ByFT: US to reveal hedge fund legislation
The Obama administration will on Wednesday unveil draft legislation that will require all US hedge funds with more than $30m…
BySausage roll-call
Describing the taste of food is probably as hard as describing the sounds of music. The experience of taste being…
ByGuardian: Goldman enjoys bumper profits
The investment bank Goldman Sachs delivered a clear signal that the good times are returning on Wall Street by milking…
ByTimes: ‘Billionaires’ Row’ mansion occupied by squatters
Squatters have moved into a London super-mansion in a road dubbed “Billionaires’ Row”, a few doors from a house owned…
ByAmerican millionaires down by a million
Most states have experienced a decrease in the number of millionaire households. From the San Antonio Business Journal: Most states…
ByGruebel appears to look to ‘one-bank’ model again
Oswald Gruebel, the former Credit Suisse man called out of retirement to restore the fortunes of UBS, appears to be…
ByBarbie and Ruth
Barbie and Ruth: The Story of the World’s Most Famous Doll and the Woman Who Created Her Robin Gerber HarperBusiness,…
ByFool’s Gold
WINNER: SPEAR’S FINANCIAL BOOK OF THE YEAR 2009 Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and…
ByThe Match King
The Match King: Ivan Kreuger and the Financial Scandal of the Century Frank Partnoy Profile Books, 288pp Review by Jeremy…
BySubcontinental Drift
Like Paris in the 1920s, Mumbai looks set to become the destination of choice for today’s Lost Generation, says Daisy…
ByGreen Shoots? Red Herrings
Is the property market heading for a V-shaped recovery or merely raising two fingers in a V-shaped gesture at over-hasty…
ByVillage Idiots
Clive Aslet on cranky neighbours, simmering resentments, barely contained hostilities and all the other summery joys of life in the…
ByLove the Sinner
Bestselling novelist Nicholas Coleridge has a Christmas card list that is at least 600 names strong, so it was no…
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