Reuters: HSBC client pleads to evasion
ALEXANDRIA, Va., Feb 16 (Reuters) – A U.S. client of London-based HSBC (HSBA.L) pleaded guilty to conspiracy in connection with…
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WBrief: Barclays Wealth to double bankers
Barclays Wealth intends to increase its market share and number of private bankers with a £350 million ($547 million) investment…
ByFT: HMRC took £373m off wealthy in ’09
HM Revenue & Customs collected £373m from wealthy taxpayers last financial year, a 21 per cent rise on the previous…
ByBusWeek: Pictet reports inflows rise
Feb. 15 (Bloomberg) — Pictet & Cie., Switzerland’s biggest closely held private bank, said assets under management increased 8.7 percent…
ByTimes: Oligarchs bounce back
Russia’s oligarchs have bounced back from the global financial crisis and are amassing huge new fortunes, according to the latest…
ByWBrief: Bar Wealth ’09 profits fall 78%
The pre-tax profit at Barclays Wealth for the year ending 31 December slumped by 78 per cent to £145 million…
ByX-rated x-rays
The introduction of full body scanners at Heathrow and Manchester airports is to be welcomed. The introduction of full body…
ByFT: Private bank heads off to Asia
The world’s largest financial groups, including JPMorgan Chase and HSBC, are scrambling to relocate their private banking chiefs to Asia…
ByWBrief: Tax haven fightback unco-ordinated
European international financial centres under pressure to open up their affairs to foreign governments hunting alleged tax cheats appeared to…
ByThe Habit of Boys
If ever I consider my cultural sins (and there are some long winter nights), one which looms large is my…
ByCampbell Tears Up
While Blair’s motives may have been honourable – a matter of debate – Campbell has form in peddling untruths. While…
ByIt's Alright, Ma (I'm Only Painting)
When he puts down the plectrum, he picks up the paintbrush. Bob Dylan, not known as a visual artist for…
ByTel: UBS bankers feel clawback
Top UBS bankers have lost SFr300m (£180m) of cash bonuses because the Swiss bank made a loss last year. Top…
ByWBrief: CS 4Q09 income up 66%
Pre-tax income at the private banking arm of Credit Suisse was SFr857 million (around $805 million) in the fourth quarter…
ByLips Open, Teeth Bared
Kiss & Tell Cabaret compose satirical songs for private parties on any theme you can imagine: the pomposity of contemporary…
ByFT: Rothschild appoints outsider as CEO
The Rothschild banking dynasty is to appoint a non-family member as chief executive for the first time in its 212-year…
BySotheby’s: Contemp sale hit £54m
Wednesday, February 10, 2010 — This evening’s sale of Contemporary Art at Sotheby’s in London brought the exceptionally strong total…
BySounds Better Than Ever
You may often hear that you look like a million dollars (at least, I hope you do), but you rarely…
ByPoor Year for Rich Givers
In purely financial terms, last year was a dismal one for megagifts. The donors on the Philanthropy 50, The Chronicle’s…
ByWSJ: UBS shows first profit, but still bleeding wealth
ZURICH (Dow Jones)–UBS AG (UBS) Tuesday reported its first net profit in five quarters, but continued to suffer heavy withdrawals…
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