AT: Banker Meinl out on $100m bail
Austrian public prosecutors approved the release yesterday of Julius Meinl in return for surrender of his passport and record bail…
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Wealth
FT: HMRC to set up HNW tax unit
High earners could be pursued with new vigour by the tax authorities as specialist teams were set up this week…
ByAFP: UBS bans overseas travel for WM advisors
GENEVA (AFP) Switzerland’s embattled bank UBS has banned wealth management advisors from making business trips abroad to see foreign clients,…
ByReuters: Soros applauds G20 leaders
Billionaire investor George Soros applauded world leaders at the Group of 20 summit on Thursday, saying that for the first…
BySpear’s at the G20
Spear’s will be at the G20 Summit all day, liveblogging here on spearswms.com and Twittering at twitter.com/spearswms as events develop.…
ByG20 liveblog
Read Josh Spero’s liveblog from the G20 Summit here. Updated all day. Also check out his Twitter at twitter.com/spearswms 19.41…
ByI predicted a riot
Perhaps that is what is most surprising about this revolution: it’s not from the bottom up, but from the middle…
ByArab billionaire wealth falls by a third to $116bn
The aggregate wealth of Arab billionaires has fallen 35 per cent to around $115.8 billion from $177.6 billion in 2008,…
ByUBS report: growth slow, bonds expensive
In its latest UBS research focus report, UBS Wealth Management Research concludes that the global economy will grow at a…
ByForbes: UBS to close art banking department
UBS AG, the Swiss bank hit hard by the financial crisis, said Wednesday it has closed its “art banking” department,…
ByNYT: Justice Dept opens UBS criminal probes
The Justice Department has opened about 100 criminal investigations into wealthy American clients of the Swiss bank UBS, a person…
ByDivorce now!
Spear’s, as is our optimistic nature and faith in human ingenuity, has seen the upside to the downturn: now could…
ByArt finally eats itself
An exhibition of blank canvases suggests either a post-modern stroke or a juvenile mentality. I’d plump for the latter. It…
ByWBull: Hohn charity to alter r’ship with hedge fund
London money manager Christopher Hohn’s charitable foundation is changing the way it invests in Hohn’s hedge fund, a sign of…
ByObama, the UK and Kenya
The Anglo-American ’special relationship’, so beloved of politicians, seems to have been undermined recently. The Anglo-American ‘special relationship’, so beloved…
ByProfit and loss? Just profit
Nobody could invent this hedge fund game and expect to be taken seriously – but that is what has happened.…
ByQuant bankers at GS leave after losses
Two Goldman Sachs partners who helped lead the so-called quantitative investment movement on Wall Street have left the firm following…
ByWSJ: UBS hires CS exec to simplify bank
ZURICH — UBS AG said Wednesday it hired a former high-ranking executive from Credit Suisse Group to oversee a simplification…
ByB Post: BDO facilitating redundancy services
BDO Stoy Hayward Investment Management, the wealth management division of BDO, has launched a financial redundancy counselling service for companies…
ByFT: City shuts down as G20 protests begin
The City of London prepared for a day of action by anti-capitalist campaigners on Wednesday in defiant mood but wearing…
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