Quant bankers at GS leave after losses
Two Goldman Sachs partners who helped lead the so-called quantitative investment movement on Wall Street have left the firm following…
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WSJ: UBS hires CS exec to simplify bank
ZURICH — UBS AG said Wednesday it hired a former high-ranking executive from Credit Suisse Group to oversee a simplification…
ByB Post: BDO facilitating redundancy services
BDO Stoy Hayward Investment Management, the wealth management division of BDO, has launched a financial redundancy counselling service for companies…
ByFT: City shuts down as G20 protests begin
The City of London prepared for a day of action by anti-capitalist campaigners on Wednesday in defiant mood but wearing…
ByThe graveside gourmet
William Sitwell considers the morality of ranking funeral food. William Sitwell considers the morality of ranking funeral food. It might…
ByGuardian: Fortis posts £26bn loss for 2008
Fortis, once one of Europe’s top 10 banks, today compounded investors’ worst fears by reporting a -28bn (£26bn) loss for…
ByIn the Mean Time
Another cartoon from the sharpest pen: Newsdesk. ‘You want art news? Shall I put you through to the Crime Desk,…
ByWBrief: Julius Baer gets new CEO
Swiss private bank Julius Baer has appointed Boris Collardi as new chief executive officer, taking over from Johannes de Gier,…
ByLuxist: NY decides not to add luxury jewellery tax
It’s looking like New York will follow fast on the heels of Illinois in deciding not to add a luxury…
ByAsian Banker: Chinese bank shows healthy WM unit
Industrial and Commercial Bank of China Limited has announced its annual results for the financial year 2008. From the Asian…
ByFT: USB shares plunge 11% on speculation
UBS shares fell by almost 11 per cent yesterday as the biggest European casualty of the credit crisis fell victim…
ByA new model for the left
’Give Time time,’ they say in Spanish, for time will heal all wounds and reveal new options if you just…
ByAsia WM sector continues to layoff staff
The shakeout in the once-booming wealth management industry across Asia gathered pace after SG Private Banking, a leading player in…
ByST: Coutts to face customer class action suit
MORE THAN 500 of the richest people in Britain are planning legal action against Royal Bank of Scotland (RBS) for…
ByObserver: HSBC, E&Y, PwC named in Madoff suit
British Bank HSBC and accountants Ernst & Young and PricewaterhouseCoopers have been named as defendants in a $3bn class-action suit…
ByUBS to announce more writedowns, layoffs
UBS is expected to announce more writedowns and job cuts in coming days, according to reports in Switzerland’s Sonntag newspaper…
BySpear’s quoted in Telegraph on City infidelity
“Like luxury cars, mistresses require a lot of time and money to be spent on them,” says Josh Spero, senior…
ByI twitter therefore I am
The unbelievable growth of Facebook and Twitter has opened up quandaries of truth, identity and safety. ‘God hath given you…
ByThe word on Wall Street
There’s a new word kicking around, which I’d like to nominate for OED inclusion: TARP rage. ‘What we cannot speak…
ByNYT: Art dealer charged with stealing $88 million
A noted Upper East Side art dealer has been indicted on charges he stole $88 million from investors and collectors…
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