WBrief: LGT profits fall 35%
LGT Group, the Liechtenstein private bank which acquired a Swiss private banking business from Commerzbank last year, said its group…
ByMonth: March 2010
WBrief: EFG profits drop 54%
EFG International, the Swiss private banking group, said it made a net profit of SFr101.1 million (around $96 million) in…
ByFT: UBS may blackball Basel III
The latest Basel proposals for banks to hold higher capital and liquidity provisions are in danger of being blackballed by…
ByFT: UBS was Barclays’ first target
UBS, one of the banks hit hardest by the financial crisis, was Barclays’ preferred merger target only weeks before it…
ByKids These Days
Andrei Navrozov reflects on an unedifying case of murder involving three students, a drug dealer and a ghastly mess of…
ByFitch places HSBC PB on neg after data theft
Fitch Ratings has placed HSBC’s Swiss private banking operation on rating watch negative following the news of a large breach…
ByST: UK govt getting stolen Swiss data
THE government is set to acquire the Swiss bank account details of up to 6,600 wealthy Britons suspected of evading…
ByFT: Lehman report finds ‘accounting gimmicks’
A one-year probe into the collapse of Lehman Brothers found “credible evidence” that top executives, including the former chief Dick…
ByWBrief: FINMA proceeds against HSBC
FINMA, the Swiss financial regulator, has initiated formal administrative proceedings against HSBC, after it was confirmed this month that the…
ByA Gallic Shrug
The Brits are riveted by the scandal. Of course they are all agog, simply because they’re always impressed that anyone…
ByIn case of loneliness
Another cartoon from the sharpest pen: In case of loneliness. Another cartoon from the sharpest pen: In case of loneliness.…
ByExpecting unemployment
Ben Bernanke got in his helicopter and showered money around like there was no tomorrow. If 2008 saw the collapse…
ByIt wasn't torture
The issue of whether the techniques reach the American criminal test for torture has never been before a court. The…
ByForthcoming attractions
The new issue of Spear’s is almost upon us and so I thought I would share some of the highlights…
ByWBull: HSBC apologises for data theft
HSBC Holding PLC’s Swiss private bank on Thursday issued a public apology to its clients for the theft of 15,000…
ByBillionaires bounce back
The new Forbes World’s Billionaires List has been released and it shows that there are nearly a quarter more biilionaires…
ByFinancial News: Cazenove man found guilty of insider trading
Malcolm Calvert, a City veteran and former Cazenove partner known by his peers as ‘Streaky’, has been found guilty of…
ByWithers: Budget Predictions
Law firm Withers are first out of the gate with their pre-Budget predictions. Herewith the results. Law firm Withers are…
ByWSJ: US millionaire nos soar
The number of U.S. households with a net worth of $1 million or more, not including primary residence, jumped 16%…
ByUruguay, The Best Tax Haven You’ve Never Heard Of
Uruguay is one of the least known but most enticing locations for high net worths and their businesses thanks to…
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