Profits 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…
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Reuters: 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…
BySunday Times: Barclays praised Madoff funds
Barclays Bank recommended that wealthy clients should pour money into Bernard Madoff’s funds, describing the $50 billion Ponzi scheme as…
BySunday Times: UKFI chair’s Liechtenstein links
The financier who has been appointed to protect taxpayers’ money in Britain’s bailed-out banks is a former trustee of a…
ByTriennial triumph
The Tate’s latest Triennial embraces post-post-modernism from around the world, in a joyous and difficult celebration. It is all, says…
BySuper-prime property falls precipitously
Despite the appearance of immunity from the falls affecting every other sector of the property market, super-prime houses (above £10…
ByJersey Finance ‘disappointed’ about Panorama
Jersey Finance has expressed “disappointment” at the view of offshore centres presented in Panorama broadcast on BBC One earlier this…
ByFacing up to a P45
Many of London’s lawyers and financiers are now working under the threat of redundancy. Josh Spero looks at the rights…
ByDoubledown Media folds
Doubledown Media, publisher of Trader Monthly and other magazines aimed at rich and aspiring Wall Street executives, shut down after…
ByWSJ: UBS looking to sell US WM business
UBS AG is shopping around its U.S. wealth management business to a number of suitors as part of a global…
ByHays: Club for ultra-rich to be sold to financial firm
The Yellowstone Club, an exclusive haven for the ultrarich now under federal bankruptcy protection, would be sold for $100 million…
ByFT: Deutsche makes first loss in 50 years
Deutsche Bank revealed the havoc wreaked upon its securities trading business in months of “unprecedented” market turmoil and said it…
ByNYT: Obama announces $500,000 pay limit
In announcing executive pay limits on Wednesday, President Obama is trying to hold the financial industry accountable to taxpayers while…
ByFT: ‘Bad bank’ back on the books
Alistair Darling admitted UK taxpayers may have to buy toxic assets from Britain’s banks to help stimulate lending, adding a…
ByTimes: 3 million Madoff victims?
The alleged $50 billion (£34.8 billion) fraud by Bernard Madoff, the American broker, may have impacted up to three million…
ByDeath of a terrorist?
The suicide of Bruce Ivins brings to a close one of the more extraordinary episodes of the war on terror.…
ByGordon's muddled maths
It’s at a disastrous time like this to stop throwing money around like confetti and head to Davos. January 2009…
ByML bonus deal agreed with BoA
Bank of America had struck an agreement with Merrill Lynch to pay employees of the latter up to $5.8 billion…
ByBernie Madoff Syndrome
Jeremy McGivern wonders why property investors never stopped to consider that what comes up must go down Bernie Madoff’s Ponzi…
ByProblems with the ICC? Ah, I see
I love politics, but it can break my heart faster than any man. I love politics, but it can break…
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