World’s wealthiest now fewer and less wealthy
With the release this morning of the Merrill Lynch/CapGemini World Wealth Report 2009, what had been suspected for a long…
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HSBC survey shows wealthy expats suffering
The current economic crisis has had a significant impact on expats’ financial situation, according to the world’s largest survey of…
ByFT: Switz willing to dilute secrecy as DOJ presses on
Switzerland emphasised on Tuesday its willingness to dilute bank secrecy, as the US Department of Justice indicated that it planned…
ByArtinfo: Christie’s Imp/Mod sale a modest success
LONDON—Christie’s kicked off the London June sale season tonight with a decent result, selling the most expensive of its offerings…
ByIsle of Man to exchange tax info automatically
The Isle of Man will move to automatic exchange of information within the EU in its application of the European…
BySign of the Times: Yield
What signs of the modern world have you seen? Add them in the comments box at the bottom What signs…
ByMy new friend at the IMF
This column has often felt lonely ever since it predicted the banking collapse in February 2007, but at last we…
ByWhitewashed before it starts?
The fear is that Sir John Chilcott is simply a ’safe pair of hands’ who can be relied upon not…
ByGuardian: Swiss canton offers exclusive land to rich
The plans of a Swiss canton to attract the super-rich by offering them the chance to buy property in exclusive,…
ByGet PwC’s pocket tax handbook here
PricewaterhouseCoopers has published the 2009/10 edition of the UK pocket tax book. It provides a summary of UK personal and…
ByObserver: Horlick to be ousted from Bramdean?
Nicola Horlick, dubbed “supermum” for combining a high-flying City career with bringing up a large family, is expected to be…
ByFT: Swiss bankers acknowledge need for compliance
Switzerland’s private bankers are close to accepting their traditional business model of managing the undeclared wealth of foreigners cannot be…
ByNYT: US and Switzerland agree tax treaty
WASHINGTON (AP) The United States and Switzerland have agreed to increase the amount of tax information they share to help…
ByTelegraph: Mistress found guilty of billionaire’s murder
The mistress of Edouard Stern, the billionaire banker, has been found guilty of murder for shooting him dead during a…
ByAfter the Fall
Christopher Silvester on how private equity is picking itself up, sorting itself out and getting back to basics I t…
ByDream On
Wake-up call? If only. Most of us will sleepwalk through the next catastrophe, just as we did the last one,…
ByGuardian: Obama to reform US regulatory system
Barack Obama will announce a major reform of America’s financial regulatory system later today including tougher powers for the Federal…
ByFurther comment on new hedge fund regulation
The European Commission has acted with surprising speed to produce draft legislation regulating the activities of so-called “hedge funds.” But…
ByThe banking barrier, broken
Then someone said Glass-Steagall was anachronistic, just when old snake-oil wanted to do a good turn for his buddies. Barclays,…
BySurvey Squared
Hedgehog knows that people do not ordinarily like to talk about their wealth, but when your interlocutor is a computer…
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