UBS 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…
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Spear’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ByReuters: Sardinian HNW tax repealed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…
ByControlling national debts
If over-borrowed countries are the question, inflation is the answer. Barclays CEO John Varley, giving evidence to the Lord’s Treasury…
ByConstantinopulent
Istanbul is the ‘it’ city destination, Europe’s Capital of Culture 2010. Margaret Kemp presents her guide to what’s chic in…
ByGuardian: Inflation continues, confounding experts
The headline rate of inflation proved surprisingly resilient last month because of higher than expected food and alcohol prices –…
ByCitywire: Inheritance tax only affects 3% of estates
The proportion of estates paying inheritance tax has halved over the past few years thanks to the fall in house…
ByNYT: $50m AIG bonuses repaid
The New York State attorney general, Andrew M. Cuomo, said on Monday that he had persuaded nine of the top…
ByBloomberg: Bank Medici gives up banking licence
Bank Medici AG, the Vienna-based private bank crippled by losses related to Bernard Madoff, will give up its banking license…
ByReuters: UBS sells WM branches in America
March 23 (Reuters) – Stifel Financial Corp (SF.N) said it would acquire up to 55 branches of UBS Wealth Management…
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