AIG 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…
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Reuters: 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…
ByReuters: Switz wants to sign 12 TIE treaties by 2010
BERNE, May 6 (Reuters) – Switzerland said on Wednesday it wants to clinch 12 new bilateral tax deals by the…
ByBloomberg: Ex-UBS men set up new Geneva PB
May 7 (Bloomberg) — Former UBS AG wealth managers Pierre Pâris and Olivier Bertrand have set up a new private…
ByGerman finance minister insults neighbours
Luxembourg MPs unanimously backed a resolution on protesting over attacks on banking secrecy by German finance minister Peer Steinbrueck, which…
ByFT: US tax crackdown infuriates low tax countries
The proposed US crackdown on corporate tax avoidance has provoked an angry response from low-tax countries used heavily by the…
ByUBS to cut 4,000 jobs from Wealth Management
UBS has made more specific announcements surrounding the planned 8,700 job cuts for this year it first announced back at…
ByWBrief: Gold still has far to rise, says Cheviot AM
Gold prices have risen sharply since the early part of the decade, frequently cited by wealth managers as a good…
ByGuardian: MPs to discuss ‘vulture fund’ restrictions
MPs will today seek to curb the activities of “vulture funds” that prey on poor countries by buying their sovereign…
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