Tel: Flawless blue diamond fetches record £6.2m
A flawless blue diamond weighing 7.03 carats has sold for a record 10.5 million Swiss francs (£6.2 million), the highest…
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Caroline Michel
To celebrate the Spear’s Book Awards on June 30th, Caroline Michel, one of the country’s top literary agents and CEO…
ByMoody’s downgrades Close Bros, Lloyds Offshore
Ratings agency Moody’s has downgraded the outlook on UK banks Close Brothers and Lloyds TSB Offshore Limited from stable to…
ByWBrief: Coutts rebuts tax avoidance charges
UK-private bank Coutts & Co has reacted angrily to insinuations in the national press that it is currently involved in…
By$1tr Islamic world debt starts to look shaky
Banking systems in the Muslim world may be heading for testing times, amid growing concerns over the fundamental stability of…
BySoros: The worst has passed, slump soon to end
The global economy has already passed the worst of the crisis and should soon pull out of its slump, led…
ByWBrief: Obama looking to financiers for revenue
US President Barack Obama is increasingly turning to financiers and the firms that employ them as a source of revenue…
ByAIG to begin payouts to investors from frozen fund
AIG Life is to pay out £100 million to investors in its protected recovery fund, in the first of a…
ByReuters: Odey AM not abandoning Britain
LONDON (Reuters) – Hedge fund firm Odey Asset Management says it will not abandon Britain, despite government plans for higher…
ByBloomberg: Bidders for Kleinwort Benson mooted
May 11 (Bloomberg) — Commerzbank AG is likely to sell its Kleinwort Benson Private Bank unit to Schroders Plc, Standard…
ByThe problem with Yemen
Why should anyone care about the fly-blown failing state of Yemen, or what happens in its wretched capital, Sana’a? Why…
ByThe bull market is bull
A touch of Spring in the air, a smell of profit, and no sooner are the bulls up, off and…
ByFT: Hedge funds finally start to cut fees
The hedge fund industry, infamous for imposing high fees, is finally beginning to cut these charges amid heavy outflows and…
ByWBull: Odey’s hedge fund shows 28% gain on month
Crispin Odey, the London-based hedge fund manager who has argued that rising bank valuations could presage a new bull market,…
ByBehind the Caramel Room
There is a big clich’ that I have been brought to question recently, and that is the one about the…
ByStress test? No stress
Geithner has stress-tested the US banks? He might as well as have tried swatting flies with a rubber band. So…
ByThe fat lady's sung and I like it
Up came Tosca. Out went my established (non-)feelings about opera. For better or worse, I’m smitten. From out of nowhere,…
ByNot to my tasting
I have always hated tasting menus. Those over-complicated, over-coursed, over-buttery, too much foie gras, too long, sick-inducing extravagances. I have…
ByBreaking: Kleinwort Benson to be sold by Commerzbank
Kleinwort Benson is to be sold by its parent Commerzbank after the European Commision’s decision on the German government’s capital…
ByBarclays Wealth 1Q profits down sharply
Profit before tax at Barclays Wealth fell sharply in the first quarter, the bank reported this morning. The division was…
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