WB: Wealthy move $1 trillion
The wealthy are moving their money as never before. Last year more money shifted between wealth managers than at any…
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FT: British tax havens battle against Brown action
A rearguard action to fend off the “action against tax and regulatory havens” threatened by Gordon Brown and other world…
BySingle family offices change focus to short-term preservation
Following global losses in most asset classes and notorious failures of due diligence, single family offices are retrenching their strategies…
ByWSJ: Swiss to review banking laws
Switzerland’s government on Friday gave a panel two weeks to advise on whether the country should loosen its banking laws…
ByObserver: Brown to publish list of tax haven targets
Gordon Brown is preparing to unveil a blacklist of harmful tax havens to be published before the crucial London G20…
ByHMRC targets banks in tax amnesty
About 25 banks which are key private client players in Britain are being targeted by the HMRC tax agency for…
ByTracking your every move
Data-mining fleshes out details of the behaviour of terrorist suspects, and helps develop profiles of potential terrorists. The British government…
ByPols without a clue
Even these two brilliant and experienced political brains could come to no conclusion. Since election day the Dow Jones Industrial…
ByHow long, O Lord, how long?
Nowhere is recovery in view, but a slump is threatening every economy, and global depression is in prospect. ‘How long…
BySilent nights in Manhattan
I like the nightlife; I like to boogie. But it seems these days my boogieing is less rave and more…
ByGuardian: Interest rate 0.5%, quantitative easing begins
The Bank of England has cut interest rates by half a point to another record low and begun the process…
ByBelieve the CIA
The CIA’s many critics will prefer to believe that the destruction was motivated by a desire to eliminate evidence. The…
BySondheim on the stock exchange
Gene takes their money, blows it on a Park Avenue rental, pawns a car and requires a bailout. Sound familiar?…
ByUBS can’t turn over client identities
March 5 (Bloomberg) — An executive for UBS AG, Switzerland’s largest bank, said its country’s laws prevent it from turning…
ByMadoff gives up investment business, artwork
NEW YORK — Bernard Madoff has agreed to give up the rights to his investment business and his company’s prized…
ByMillionaires’ confidence plunges
An index which measures the confidence of US millionaires, the Spectrem Millionaire Investor Index, has fallen its second-lowest level ever.…
ByCoutts cuts 150 jobs in the UK
Coutts & Co has started a process of cutting staff numbers as as part of an efficiency drive by its…
ByBreaking: Response to US tax havens act
They say the sequel is always worse than the original. The latest incarnation of US legislation targeting offshore financial centres…
ByDresdner staff preparing to sue for bonuses
Hundreds of Dresdner Kleinwort staff are preparing legal action to recover tens of million of pounds of unpaid bonuses, after…
ByReuters: Switzerland needs to co-operate
GENEVA, March 3 (Reuters) – Switzerland must increase its cooperation with foreign countries on tax cheats to avoid being made…
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