Report: Number of HNWs falls 19%, assets 17%
The number of high net worth individuals in the UK fell by 19 percent during 2008, the biggest annual drop…
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Telegraph: Duke’s fund may breach covenants
The Duke of Westminster, the UK’s wealthiest landowner, is in discussions with banks following concerns that his biggest fund, the…
ByKeeping an eye on the ISI
The real issue is the extent to which the perpetrators had links to the government or its agencies. There is…
ByNumber one at the CIA
Shooting from the lip is not a quality admired in the leaders of major intelligence agencies Several past Directors of…
ByFailure to launch
Everyone feels better for a bit of a stimulus now and again – including the economy Everyone feels better for…
ByStanford Group investigated by SEC, report says
Stanford Financial Group, which oversees more than $50 billion of assets, is being investigated by US regulators over its business,…
BySchroders Private Banking profits down by 4%
Private banking profits at Schroders fell 4 percent last year to a still-resilient £39.7 million, with net new business of…
ByReuters: UBS, CS fall back on wealth management
After curbing their investment banking ambitions, Switzerland’s biggest banks are again luring rich clients and this could help them weather…
ByGuardian: Madoff’s wife withdrew $15m
The wife of the renegade financier Bernard Madoff withdrew $15.5m (£10.8m) from an account at a Madoff-linked brokerage firm in…
ByStraits Times: Singapore denies it is a tax haven
Singapore is not a tax haven even as the Government cuts the corporate tax rate to 17 per cent this…
ByGuardian: Credit Suisse lost SFr8.2bn in 2008
Credit Suisse today reported a record full-year loss of 8.2bn Swiss francs (£4.91bn) after suffering losses of Sfr14.2bn at its…
ByBreaking news: Bankers apologise
Four of the country’s former leading banks chiefs today said they were “profoundly and unreservedly sorry” for events leading to…
ByGlobal depression time
Why are we calling the Global Depression now? Answer: because it is a fact and no one knows what to…
ByHSBC to launch $10m private banking rebranding
HSBC is to launch a $10 million rebranding of its global private banking operations, amid concerns in the wider industry…
ByGuardian: UBS loses £11.3bn in 2008, 2,000 jobs
UBS today confirmed investors’ worst fears by declaring an £11.3bn loss for 2008 and announcing it would axe around a…
ByFT: Rush to gold continues
Investors are buying record amounts of gold bars and coins, shunning risky assets for the relative safety of bullion amid…
ByA disappearance in Iran
There is a strong suspicion that Levenson may be imprisoned somewhere in Iran, and there is a precedent. The disappearance…
ByComment is fraught
I was ridiculed as a privileged idiot, a liar, and an imperialist; they relished their ecstasy in my virtual burning…
ByProfits at Barclays Wealth rise as group’s fall
Barclays Wealth announced an impressive 119 percent increase in divisional profits for 2008, as its parent booked a 14 percent…
ByReuters: UBS will hang onto US WM arm
ZURICH, Feb 6 (Reuters) – UBS AG (UBSN.VX: Quote, Profile, Research) (UBS.N: Quote, Profile, Research) has decided to hang onto…
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