Reuters: Small Swiss banks may consolidate
ZURICH (Reuters) – A wave of consolidation could sweep Switzerland’s smaller private banks, prompted by the financial crisis and a…
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Bloomberg: BoC stake in Rothschild can go ahead
March 24 (Bloomberg) — Bank of China Ltd., the world’s third-largest lender by market value, received initial government approval for…
ByControlling national debts
If over-borrowed countries are the question, inflation is the answer. Barclays CEO John Varley, giving evidence to the Lord’s Treasury…
ByConstantinopulent
Istanbul is the ‘it’ city destination, Europe’s Capital of Culture 2010. Margaret Kemp presents her guide to what’s chic in…
ByGuardian: Inflation continues, confounding experts
The headline rate of inflation proved surprisingly resilient last month because of higher than expected food and alcohol prices –…
ByCitywire: Inheritance tax only affects 3% of estates
The proportion of estates paying inheritance tax has halved over the past few years thanks to the fall in house…
ByNYT: $50m AIG bonuses repaid
The New York State attorney general, Andrew M. Cuomo, said on Monday that he had persuaded nine of the top…
ByBloomberg: Bank Medici gives up banking licence
Bank Medici AG, the Vienna-based private bank crippled by losses related to Bernard Madoff, will give up its banking license…
ByReuters: UBS sells WM branches in America
March 23 (Reuters) – Stifel Financial Corp (SF.N) said it would acquire up to 55 branches of UBS Wealth Management…
ByBitter taste of coke
The arrest of two major cocaine brokers will further sour US-Venezuela relations and tarnish Hugo Chávez’s image. The arrest of…
ByThe Hidden Home Market
For the super-rich, the choicest houses are not those just anyone can see: ‘off market’ is very much on the…
ByThe charm of the medieval
I suffer for Spear’s. The latest outrage was having to review a villa near Perugia, so I took the chance…
ByAlessandro Tome
Alessandro Tome works in the hedge-fund world. He writes the Discriminator column for Spear’s.
ByNYT: Geithner present $1tr rescue package
WASHINGTON The Obama administration formally presented the latest step in its financial rescue package on Monday, an attempt to draw…
BySwiss revenue pools expected to drain away
Swiss and other private banks must expect to lose an additional 25 to 30 percent of their revenue pools this…
ByBloomberg: Swiss banks face creative destruction
March 20 (Bloomberg) — Geneva’s private banks, money managers for the world’s rich since the French Revolution, may see their…
ByCitywire: I.O.U.S.A. video
Described as ‘An Inconvenient Truth for the debt crisis’, this 30 minute film looks at the consequences of America’s ballooning…
ByCaymans agrees tax information exchanges
The Cayman Islands government has announced the extension of comprehensive tax information assistance to seven new countries. The Cayman Islands…
ByTurner review could cost 50,000 jobs
The Centre for Economic and Business Reform, a liberal London-based thinktank, estimates that if this week’s Turner review from the…
ByGuardian: Dubai, the soaring folly, is doomed
Hovering over Dubai is a cloud called nemesis. The first time I saw the place two years ago through a…
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