FT: ‘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…
ByWealth
Latest in
Wealth
Times: 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…
ByThe Davos delusion
I was invited to Davos two years ago as editor of Spear’s and I have very deliberately not gone back.…
ByWealth management brand reputations collapse
Several leading wealth management players have seen the notional value of their brands fall sharply amid the downgrading of the…
ByIs UBS about to regain its crown?
After it took the worst beating from the subprime crisis of any European bank, there’s spreading optimism that UBS may…
ByBreaking: Citi names new group heads – almost
Citi chief executive Vikram Pandit has named the new heads of the group’s businesses under the re-organised structure, but revealed…
ByWhat is torture?
With waterboarding, they are told that unless the information is provided, their time underwater will be extended until they die.…
ByDeripaska plays Russian roulette
Hapless RBS has lent him ’2.8 billion, which should tide him over nicely to the end of the next boating…
ByLondon hedge fund to close after redemptions
London-based managers Thames River Capital are to close one of their hedge funds, Kingsway Plus, after a succession of investor…
ByGuardian: Lloyds’ execs wanted pay rise
Lloyds Banking Group has sounded out shareholders about a change in its executive remuneration plans that could generate pay rises…
ByNew York Post: Brokers flee ML-BoA
As the merger of Bank of America and Merrill Lynch disintegrates into one of Wall Street’s most dysfunctional marriages, the…
ByML lays off hundreds of young brokers
Merrill Lynch Global Wealth Management, now part of Bank of America, has just laid off several hundred recently-joined or inexperienced…
ByFive Challenges for Those at Davos
Klaus Schwab, the founder of the World Economic Forum at Davos, explains how a new global era demands new global…
ByAP: 9 out of 10 bank execs still in post
They’ve been bailed out, but not kicked out. At banks that are receiving federal bailout money nearly nine out of…
ByAFP: Barclays shares up 75%
The share price of Barclays soared on Monday, closing up 73 per cent, after the group insisted it did not…
By