Madoff Makes Fools of Financiers
The most aggravating factor with the Madoff scandal is that so many banking geniuses fell for it, says Josh Spero.…
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Wealth
Expat exodus looms among UK-based financiers
Signs are emerging that many highly skilled overseas professionals working in the UK are considering whether the time has now…
ByMorgan Stanley tops Goldman’s fourth quarter loss
Morgan Stanley has announced a fourth quarter loss of $2.19 billion, almost double what analysts had expected. Morgan Stanley has…
ByPunch-up, crunch-up
A Short and True Melodrama in One Act A Short and True Melodrama in One Act Starring Gordon “Superman” Brown,…
ByBe Cool
Christopher Silvester on the icy-calm business of crisis management For wealthy and powerful individuals, a crisis means negative media exposure…
ByUK house prices ‘to fall by 30 percent’
The head of Barclays bank has predicted that economic gloom will deepen, with property prices falling by up to 30…
BySwiss private bank makes senior appointments
Swiss private bank Clariden Leu appoints two senior officials to its executive Board. Clariden Leu, the Geneva-based bank, which is…
By30,000 jobs to go at combined BoA Merrill operations
Bank of America will cut between 30,000 and 35,000 jobs, once its takeover of Merrill Lynch is completed in early…
ByDivide and Conquer
If choice is the modern mantra, most wealth managers do not seem to be intoning it. If choice is the…
ByChina-Rothschild investment still pending
Bank of China is still awaiting the Chinese government’s approval to buy a 20 percent stake in France’s La Compagnie…
ByCity vacancies up, salaries down
Job vacancies in London’s financial services industry have spiralled since the credit crisis began last August, says a report from…
ByArt is for life
Herewith, some dos and don’ts for buying art for Christmas gifts. If a de Kooning or a Duchamp is out…
ByAfter Guantanamo
These are individuals who were caught on the battlefield in Afghanistan – now where do they go? A federal judge…
ByNew Star eyes potential buyers
New Star Asset Management has confirmed “a number of expressions of interest from third parties” looking to buy the business.…
ByPrivate clients told to top-up or ship out?
Could private banks be creating opportunities for financial planners, by asking clients to either top up portfolios battered in the…
ByTerror on the high seas
The Somali pirates have posed a threat to coastal shipping for years. The capture of the Liberian-registered, Saudi-owned Sirius Star…
ByPope disapproves of tax havens
The Roman Catholic Church has released a policy paper blaming offshore centres for the global financial turmoil. The Roman Catholic…
ByClint against the system
Never has an older dog been less keen to learn new tricks than Clint Eastwood. Never has an older dog…
ByThe Art of Hedge
The evening broke the mould of both what is expected from a Mayfair art exhibition, as well as its guests.…
ByIs it time for the Euro?
The siren voices of the Europhiles call for the abandonment of Sterling and its replacement by the Euro. As Sterling…
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