Deutsche Bank shows 3Q loss in wealth management
In the third quarter, Deutsche Bank’s Asset and Wealth Management operations reported a pre-tax loss of EUR 95 million. 30.10.08…
ByWealth
Latest in
Wealth
The recession in the real economy
This blog site is so that we and you can maintain a log of some of the most extraordinary statistics.…
ByBoE says ‘fundamental rethink’ needed for banks
The Bank of England estimates that the world’s financial sector has now lost £1.8 trillion as a result of the…
BySinking the pound with the yen
The Yen Carry-trade was always a risky deal that was destined to blow up. Friday 24 October saw the Pound…
BySchroders sees profit growth slow dramatically
Profit growth slowed considerably at Schroders joint asset management and private banking divisions in the third quarter. 28.10.08 Profit growth…
ByNorth Korean mischief
Putting a stop to North Korean nuclear proliferation is only half the story. The U.S. State Department has removed the…
ByDerivative hide and seek
Derivates were dubbed “Weapons of mass financial destruction” by Warren Buffett. The collapse of Lehman Brothers is beginning to tell…
ByHSBC details Russian private banking plans
John Nicholls, deputy chief executive of HSBC Russia told a Russo-British Chamber of Commerce forum that the bank is planning…
ByBarclays Wealth strengthens offshore team
Barclays Wealth intermediaries has appointed Richard Gillard as European head of the offshore financial markets team. Barclays Wealth intermediaries has…
ByCredit Suisse appoints new UK private banking CEO
Ian Marsh has been appointed new chief executive of Credit Suisse UK private banking. Credit Suisse has appointed Ian Marsh…
BySpear's Crunches Credit
From our prescient leaders to our warnings to the central bankers of a year ago, Spear’s has been consistently ahead…
ByCredit Suisse slumps in third quarter
Third quarter earnings at Credit Suisse’s private banking unit have fallen by almost 40 percent compared to the same period…
ByA golden era in Moscow
From Stalin to Spear’s, Russia certainly has come along way. To Moscow for the launch of Spear’s Russia. I had…
ByNow or Later: never
The play is as facile as it thinks it is deep. I find it hard to believe that the burghers…
ByUkraine at the Polls
It was hard to believe former Soviet states would join NATO. Looking back to the collapse of the Soviet bloc…
ByHeroes and zeroes in Moscow
The Russians have some very odd and funny ideas about heroes and political villains. I had a very interesting evening…
ByOECD to compile new tax haven blacklist
The OECD meeting in Paris has agreed that the international organisation will draw up a new blacklist of uncooperative tax…
ByWhat's happening to the banks?
The mayhem is set to continue, as the bear shakes out every bad bank, every bad debt, every toxic mortgage.…
BySwiss authorities to restrict big bank bonuses?
Acting Finance Minister Eveline Widmer-Schlumpf said the Swiss authorities are considering measures to restrict pay and bonuses at big banks.…
ByOh, Mandy
His return to the Cabinet can only signal further canker in the body politic So Peter Mandelson is back. Is…
By