In a crisis, dine out
To Nobu, the hedgies’ lunchtime haunt. No longer. The place was almost half empty. Not a hedgie in sight. To…
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Iran's nuclear bullseye
A pre-emptive, surgical strike to destroy the weaponisation capability looks like an attractive option. The disclosure that earlier in 2008…
ByBoom and bust burst back
Brown Boomed that he had Banished the Boom & Bust cycle, just as the Boom turned to Bust. Brown, as…
ByCredit Agricole, Societe General merge AM units
Crédit Agricole and Société Générale are to combine most of their asset management operations into one new unit which will…
ByOpaque financial system faces new force
What is described as a unique global coalition of civil society organizations and more than 50 governments has been launched…
ByFSA wants greater capital requirements
In a speech to business leaders last night, FSA chairman Adair Turner announced his vision for a wide-reaching reform of…
ByJersey-Germany tax co-operation deal ratified
Jersey’s government has ratified a Tax Information Exchange Agreement with Germany. Jersey’s government has ratified a Tax Information Exchange Agreement…
ByFT: Merrill Lynch brought bonuses forward
Merrill Lynch took the unusual step of accelerating bonus payments by a month last year, doling out billions of dollars…
ByHedge funds lose $782 billion in 2008
Hedge fund advisers Hennessee Group estimate that hedge fund assets decreased by $782 billion over 2008, the worst net outflows…
ByCrashing cycles
Is the world is set for a truly horrendous decade that could see a long recession of up to ten…
ByObama's smooth succession
Smooth political transitions never cease to amaze me: as a half-Czech Venezuelan I’ve seen my share of dictators. So that’s…
ByFT: Foreign lending tight for UK banks
Funding difficulties for UK companies are being made worse by a sharp reduction in lending to British banks by overseas…
ByBloomberg: ML suffers $10bn Q4 outflow
Merrill Lynch clients withdrew $10 billion in the fourth quarter, more than triple the pace of the previous three months,…
ByQuick, quick, Stoppard
Every Good Boy Deserves Favour felt long, but positively – you were so involved that time seemed to stop. When…
ByYour Inflexible Friend
For too long, the strong pound has merely been a metaphor (and now not even that). For too long, the…
ByDid Pakistan collude in bombings?
The fragile new government has, until now, denied any official involvement in the attack. India’s Central Intelligence Bureau, with help…
ByOn your knees, atheists!
What is it with atheists? Why are they so angry all the time that others believe in God? What is…
ByFT: Luxury market collapsing like others
When cracks in the financial and housing markets first started to appear last year, the world’s wealthiest people remained relatively…
ByHedge funds hold less attraction
Millionaires who long put money with hedge funds are now skittish about adding fresh cash after these loosely regulated portfolios…
ByUBS loses Madoff fund case, must repay -30m
UBS has been ordered by a Luxembourg court to pay French fund managers Oddo & Cie EUR 30 million, following…
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