Swiss 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…
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Wealth
Bloomberg: 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…
ByUBS to buy back EUR 1bn in bonds
UBS is to buy back bonds in a tender worth up to EUR 1 billion. It says the move will…
ByTelegraph: Versace sale raises £7m
The sale of murdered fashion designer Gianni Versace’s possessions raised more than £7 million yesterday. From the Daily Telegraph: The…
ByQuis ducet ipsos duces?
As Juvenal never said, who will lead the leaders? In this case, the leading hotels of the world – or…
ByFT: New Swiss secrecy laws may take years
Switzerland has warned countries against expecting swift results from its decision last week to water down bank secrecy laws, saying…
ByMonaco to open up books to tax scrutiny
Monaco has seen which way the wind is blowing, and has now taken steps to open up its books in…
ByResponse to Swiss secrecy changes
“Many wealthy families will now be feeling very nervous, for fear that information about their wealth will get into the…
ByClimate change? Hot air!
Richard Branson, stop fiddling around trying to make your aeroplanes fly on salad oil, we much prefer good old kerosene.…
ByTelegraph: Sir Keith Mills has questions for Coutts
Sir Keith, who is also leading the Team Origin America’s Cup challenge for Britain, plans to ask a number of…
ByReuters: UBS plans to cut 5,000 senior posts
GENEVA (Reuters) – Switzerland’s biggest bank UBS plans to cut up to 5,000 senior and management jobs in the next…
ByChavez plays with fire
Chávez is becoming so desperate he has even broached the taboo subject of lessening the gasoline subsidies. Emboldened by his…
ByThe Cassandra of Caracas
And they said I was exaggerating. Now, the newspapers are full of the story they told me could not happen.…
ByBrazil, South America's mediator
Lula is the socialist leader who has everyone’s ear: the Latin American socialist ‘revolutionaries’ as well as the US. The…
ByNYT: Has the economy hit bottom yet?
The economist John Kenneth Galbraith once said, “The only function of economic forecasting is to make astrology look respectable.” Still,…
ByThe saviour of Salvador?
The conservative ARENA party has gained ground by claiming that leftist Funes would make El Salvador a satellite in Chávez’s…
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