Obama's to-do list: bring back culture
After eight years of Bush, Obama needs to show that reading is not just done on cereal boxes. No, this…
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Goldman and Citi begin 12,000 job cuts
Goldman has notified 3,200 staff of job losses in the last seven days, while Citi, which announced 9,100 job cuts…
ByObama's to-do list: end wars
The success of Barack Obama has been welcomed globally, but will it transform the international security scene? The electoral success…
ByObama's to-do list: fix economy
The Democrats take over the White House on 19 January 2009, but they’re walking into the biggest mess of all…
ByUBS posts pre-tax profits but also huge outflows
UBS’ Global Wealth Management & Business Banking division has posted pre-tax profits of SwFr 1.861 billion. UBS’ Global Wealth Management…
ByBanks continue to expand in the regions
Brewin Dolphin Investment Management is looking to hire investment managers for its regional offices. Brewin Dolphin Investment Management is looking…
ByInside Pyongyang?
Why is so little known about the Democratic Republic of North Korea? Why is so little known about the Democratic…
ByGovt to establish agency to manage bank stakes
Alistair Darling will today unveil details of the arm’s-length agency that will manage the £37 billion in stakes the government…
ByStellar expansion at Jupiter
Jupiter Asset Management has appointed four private client fund managers from Bestinvest and a new board member. Jupiter Asset Management…
ByBarclays to raise £7.3 billion from Middle East
Barclays has announced it will raise £7.3 billion in new capital, through deals with the Qatar Investment Authority and Abu…
ByThe gawker-in-chief
How should you react when faced with a hero/ idol/ legend/ object of devotion? How should you react when faced…
ByThe politics of asssassination
As Mugabe destroys Zimbabwe, some ask if “termination with extreme prejudice” would be justified. In February 1976 President Gerald Ford…
ByA bad case of shortenfreude
The idea of a hedge-fund manager being run over by a Porsche is enough to make us laugh our heads…
ByDeutsche 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…
ByThe 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…
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