Luxist: 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…
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Asian 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…
ByBloomberg: Mirabaud hits out at Brown
March 25 (Bloomberg) — In yet another sign that financial centers are losing each other’s confidence, Geneva bankers are insisting…
ByTimes: RAB Capital’s profits fall by 93%
Annual profits of RAB Capital have fallen by 92.5 per cent to only £3.8 million after a slump in performance…
ByAIG London furious over bonus pressure
AIG employees in Europe are angry over pressure from the US business to return their bonuses, and have labelled the…
ByHedge funds to decline in size, says veteran
The golden age for super-sized hedge funds may be coming to an end as investors think about putting more money…
ByReuters: Sardinian HNW tax repealed
ROME (Reuters) – The new governor of the sun-swept Italian island of Sardinia is repealing a tax on the mega…
ByBoston Globe: Now $1bn Madoff money found
NEW YORK – The assets of Bernard L. Madoff Investment Securities LLC that investigators have tracked to Gibraltar are worth…
ByReuters: Small Swiss banks may consolidate
ZURICH (Reuters) – A wave of consolidation could sweep Switzerland’s smaller private banks, prompted by the financial crisis and a…
ByBloomberg: BoC stake in Rothschild can go ahead
March 24 (Bloomberg) — Bank of China Ltd., the world’s third-largest lender by market value, received initial government approval for…
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