People Will Talk
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Wealth
WSJ: US banks to pay $145bn bonuses
Major U.S. banks and securities firms are on pace to pay their people about $145 billion for 2009, a record…
ByIndy: Merck Finck heir contesting PB’s 1990 sale to Barclays
An heir to the Merck Finck & Co dynasty is contesting the 1990 sale of the German private bank to…
ByWBrief: Biggest Swiss banks lose $18bn in Italy?
The three biggest wealth managers in Switzerland – UBS, Credit Suisse and Julius Baer – may have lost as much…
ByChina Syndrome
The Chinese property boom is likely to cause a global property meltdown, says Ross Clark EVERY NOVEMBER THE bigger estate-agent…
ByThe Old Ones Are the Best Ones
It’s time to banish our fear of ageing, says Penelope Bennett, and embrace the opportunities it gives It’s time to…
ByNYT: Goldmans fesses up to trading ahead
For years, Wall Street whispered that Goldman Sachs profited handsomely by trading ahead of or even against its own clients.…
ByLily Safra buys $33m condo on Fifth Avenue
Ara K. Hovnanian and Rachel Lee Hovnanian sold a condo at 820 Fifth Ave. in Lenox Hill to Lily Safra…
ByWBrief: Switz creates secretary for global tax and finance
The Swiss Federal Council has appointed Michael Ambühl as state secretary for international financial and tax matters within the Federal…
ByThe Christmas Day “Bomber”
The scale of the lapses in security when Abdulmutallab allegedly attempted to detonate a bomb sewn into his underwear is…
ByBusWeek: UBS expecting China revenue to double
Jan. 11 (Bloomberg) — UBS AG, the world’s second-largest manager of assets for the rich, expects private-banking revenue from China…
By24 Hour Party People
Kasimira’s legendary parties are the talk of the town says Bianca Brigitte Bonomi Kasimira’s legendary parties are the talk of…
ByMerrill Lynch: 2010 recovery finely balanced
Yesterday morning Merrill Lynch laid out its vision for 2010 – cyclical equities like oil & gas companies and industrials,…
ByGuardian: UKFI’s no. 2 resigns
UK Financial Investments, the body that manages the taxpayer’s stakes in the bailed-out banks, suffered fresh management upheaval today when…
ByWSJ: UBS CEO says asset outflows must stop
ZURICH (Dow Jones)–UBS AG’s (UBS) chief executive told staff Monday halting the bleeding of assets from its wealthy client division…
ByReuters: Sotheby’s to sell -20m Commerzbank statue
LONDON (Reuters) – Sotheby’s auction house said on Friday it plans to sell one of Swiss sculptor Alberto Giacometti’s rare,…
ByRehab and Reality
I turned to my companion and said: ‘The set designer has done their research – that’s what the Priory reception…
ByGreece-ing the EU's palms
It’s a familiar story: a corrupt socialist government has lost control of public expenditure. If, Dear Reader, you think I…
ByWBrief: UBS data handover illegal, Swiss court says
The order last February by the Swiss financial regulator to make UBS hand over client data to the US authorities…
ByNovelty
What does a new year bring? New year, new office We’re now working out of our most civilised new offices…
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