Exclusive: Private bankers need a ‘Hippocratic oath’, says Kleinwort CEO
Private bankers need an industry-wide ‘Hippocratic oath’ to ensure uniform standards of knowledge and behaviour, Robert Taylor, the CEO of…
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NYT: Bernanke says recovery still too halting
WASHINGTON Ben S. Bernanke, the Federal Reserve chairman, signaled on Wednesday that he did not plan to begin raising interest…
ByFT: Divorce settlements made during recession can be renegotiated
An American heiress must pay her estranged husband a £5m lump sum to help cover losses he suffered during the…
ByCountdown to Catastrophe
Stephen’s new book is out now and available through the Spear’s website. Stephen’s new book, Countdown to Catastrophe, about the…
ByGuard: Lloyds CEO waives bonus
Eric Daniels, chief executive of Lloyds Banking Group, has bowed to public pressure and waived a £2.3m bonus that the…
ByWSJ: Classic cars in death sell-off
John O’Quinn’s car collection is believed to be one the largest in the world, housing up to 800 rare and…
ByMossad and stolen papers
Mossad has a long history of acquiring authentic passports in bogus names. The death of Mahmoud al-Mabhouh, one of the…
BySTel: Lloyds to sell St James’s Place stake?
Buoyant St James’s Place is expected to reveal this week that full-year profits have almost doubled, raising pressure on Lloyds…
ByRenewing the Impetus
Hedgehog first visited Impetus, the charity which brings together private equity money and business skills with small charities looking to…
ByReuters: 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…
ByWBrief: 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…
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