Tel: UBS fined £8m for control failures
UBS, the Swiss bank, has been fined £8m for system and control failures that enabled four London-based staff to use…
ByWealth
Latest in
Wealth
GOP Chickens Now Roosting
Palin’s attack on the Republican candidate Scozzafava opened the flood gates for a party purge and a near civil-war. You…
ByThe Empire (State) Strikes Back
I never understand how people find politics boring: mix dynamic personalities in pursuit of power, throw in a few scandals,…
ByWBull: UBS posts Q3 loss, shows more outflows
UBS AG on Tuesday posted a third-quarter net loss, hit by three big charges, and cautioned that heavy withdrawals from…
ByFast Times in the Big Apple
All New Yorkers wondered how they could party into night on Halloween and yet run or cheer the marathon the…
ByReuters: US UBS client gets three months in jail
MIAMI, Oct 30 (Reuters) – A tax evader turned government informant received a light sentence in Florida on Friday because…
ByST: Dog funds revealed
Some of Britain’s most high-profile managers have been singled out in a survey of the country’s worst-performing “dog” funds. Some…
ByDelaware most opaque tax haven, Switzerland in third
A new league table identifying the world’s most secretive tax havens has been published, putting Delaware, US, ahead of Luxembourg,…
ByReuters: EFG may go private, CEO says
ZURICH, Oct 28 (Reuters) – EFG International AG (EFGN.S), a Switzerland-based private bank and asset management group, could imagine going…
ByDreams of bravery
I sometimes lie in bed fantasising about acts of bravery. Our house is being burgled. This actually happened, except I…
ByHate crime, thought crime
There’s something inherently wrong in punishing someone for how they feel or think; surely we should punish people for what…
ByWBrief: UBS to raise salaries, make bonuses long-term
UBS intends to reform its pay structure by raising fixed salaries and matching bonuses to sustainable performance, but the Swiss…
ByChristie’s launches HNW insurance service
Christie’s, the world’s leading art business, is delighted to announce the launch of Christie’s Insurance Services, a unique insurance service…
ByNotes from the Spear’s/Speechly Bircham seminar
Spear’s and private client law specialists Speechly Bircham LLP held a seminar on 15 October where some of Speechly’s top…
ByCrown King, bash Brown
When Mervyn King told all these bailed out bankers in Edinburgh that the ’Too-Big-To-Fail Syndrome’ was the right issue, however,…
ByTel: Candy Brothers plan distressed property fund
The Candy brothers, two of the UK’s wealthiest entrepreneurs, are planning to float a London residential property fund in order…
ByTimes: Sheikh to buy Christian Lacroix for -100m?
A sheikh from the United Arab Emirates is likely to take over Christian Lacroix, the loss-making French fashion house, tomorrow…
ByExclusive: Founding family try and retake Escada with fashion heavy-hitters
A source close to the bankrupt fashion house Escada has revealed that the former CEO of Gucci and the owner…
ByAbolish the Royal Mail!
Third, postmen have (in my experience) been larcenous. And if they’re not larcenous, they’re careless, which is equally as bad.…
ByFT: Singapore sees Russian money influx
Singapore is attracting a surge of Russian investment as rich business people seek a politically stable home for their personal…
By