WBull: Cerberus asked for $4bn in redemptions
Clients controlling more than $4bn (-2.8bn) of the $7.7bn in assets in the Cerberus Partners hedge funds have put in…
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Sunday Times: Ferguson vs Krugman in intellectual punchup over economy
One of them is a “poseur”. The other is “patronising”. One suffers from “verbal diarrhoea”. The other is a “whiner”.…
BySunday Times: Close Bros bids for Kleinwort
Close Brothers has tabled a bid for Kleinwort Benson, the private banking group, pitting itself against a rival consortium of…
BySwiss govt to sell off UBS stake after case resolved
The Swiss government is to sell its entire SwFr 6 billion investment in UBS, it announced late Wednesday night. The…
ByIntelligent Regulation Needed
You can regulate smartly, or you can over-regulate stupidly. Knee-jerk reactions like we are seeing at the moment inveiably seem…
ByNYT: US to prosecute at least 150 UBS clients
Federal prosecutors are building criminal cases against 150 wealthy American clients of the Swiss banking giant UBS as part of…
ByNYT: UBS settlement details expected soon
Details of the landmark settlement of the U.S. tax case against UBS are expected this week, which should help the…
ByHello, Folly!
Worse, Samantha Spiro cannot even sing well. Vamping your rasping way through the climax of a song is not a…
BySpear’s defies recession, regains independence
Spear’s, the multi-PPA-award-winning wealth management magazine that was started in 2005 has been taken independent again as a stand-alone title…
ByBlow me over
So as one energy company is looking to grace the fields around the small village in Northamptonshire where I live…
ByGlen of Dreams
Wendy Coumantaros exeriences the style and relaxation of the south coast’s Chewton Glen, with its award-winning restaurant and spa Wendy…
ByTimes: Tom Perkins finally sells 289ft yacht for £60m
It required some trimming of the price, but a buyer has finally been found for the largest and most expensive…
ByUBP, hit by Madoff, sees AuM fall by 20%
Union Bancaire Privee, the Geneva private bank which got badly snarled in the $65 billion Bernard Madoff fraud, suffered a…
ByWBrief: Deutsche in talks to bid for Sal Oppenheim
Deutsche Bank, Germany’s biggest bank, confirmed recent media speculation by announcing that it was in talks to form a “strategic…
ByCaptions Required: Bull!
Dealbreaker, one of spearswms.com’s favourite blogs, has come up with this pic and we want your captions. Dealbreaker, one of…
ByBloomberg: Gruebel expects further UBS outflows
Aug. 4 (Bloomberg) — UBS AG, Switzerland’s largest bank by assets, will see further withdrawals by wealthy clients after reporting…
ByBreaking: UBS again splits WM business
UBS has restructured its wealth management business, splitting the Wealth Management & Swiss Bank division into Swiss and international arms,…
BySpooking the spooks
A group of retirees had penetrated the state’s own intelligence agency, and was acting as a secret service within a…
ByTimes: Barclays guarantees bonuses despite FSA
Barclays is defying new curbs on City bonuses, it emerged yesterday, as it and HSBC revealed a return to bumper…
ByGuardian: UBS loses SFr 1.4bn, outflows of 39.4bn
Swiss bank UBS today posted a loss of 1.4 billion Swiss francs (£780m) in the second quarter of the year…
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