Hedge fund body attacks new EU regulation
The European Venture Capital Association has called a proposed EU directive on new industry regulation ‘disproportionate and anti-competitive.” The European…
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Times: BoA investor revolt forces out Lewis as chair
Bank of America’s shareholders ousted Kenneth Lewis as chairman of America’s biggest bank last night in a display of anger…
ByAnother famous Belgian
We all know the parlour game, Can you name ten famous Belgians? I once tried this with some Belgians and…
ByBuddhism by the 'bank
I tried being a Buddhist once. It didn’t take. Luckily, Buddha Bar doesn’t require any such commitment. I tried being…
ByGuardian: High earners may benefit from Budget
High earners who make contributions to their pensions in the next tax year are set to benefit from the introduction…
ByWBrief: Sal Oppenheim suffers -117m loss in 2008
Luxembourg-based private bank Sal Oppenheim suffered a net loss of -117 million ($152.5 million) in 2008, reversing a net income…
BySocGen chariman Bouton resigns
Societe Generale’s chairman Daniel Bouton has announced his resignation, saying the personal attacks against him risked “harming the bank”. Societe…
ByWSJ: Conde Nast closes Portfolio magazine
Condé Nast Publications Inc. absorbed nearly two decades of losses at the New Yorker. On Monday, it pulled the plug…
ByDeutsche Bank revenues slow, AWM shows a loss
Deutsche Bank reported a pre-tax profit of EUR 1.8 billion in the first quarter, despite further writedowns of EUR 1…
ByReuters: Singapore to become more tax compliant
TOKYO, April 27 (Reuters) – Singapore will revise its laws this year to improve disclosure on foreigners evading income taxes…
ByMiami Herald: IRS going after other offshore banks
The Internal Revenue Service, widening its investigation of offshore private banking beyond Swiss giant UBS AG, is preparing to take…
BySt James Place’s inflows continue but more slowly
St James Place reported total new business of £93.8 million for the first quarter, down 5 percent on the previous…
ByWBrief: SBP’s profits down 73 per cent
Genevan bank Societe Bancaire Privee has reported operating profit down 73 per cent last year to SFr911,000 ($794,000) on revenues…
ByNon-Doms See the Bright Side
How non-doms can take advantage of the downturn and avoid the ’30,000 charge, from Hedgehog’s friends at Boodle Hatfield. From…
ByThoughts of Pierre B.
’Because I will tell you something,’ Berge said. ’I think photography is like fashion. That means it is not an…
ByGreene with panic
It was only when Sue Lawley asked me, ‘So, why did write a biography of Graham Greene?’ that I was…
ByST: Rich list bonfire
The recession has wiped £155 billion from the fortunes of Britain’s richest 1,000 people, equivalent to more than a third…
ByNYT: Madoff victims accuse JP Morgan of abetting
Victims of Bernard L. Madoff’s Ponzi scheme have accused his banker, JPMorgan Chase, of aiding his crime by maintaining his…
ByFT: Swiss pres presses US to stop UBS pursuit
WASHINGTON, April 25 – Swiss President Hans-Rudolf Merz asked US Treasury Secretary Timothy Geithner on Saturday to drop a legal…
BySwiss court increases jail term for banker
A Basel appeals court has increased the prison sentence handed out to a former banker who broke Swiss banking secrecy…
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