Credit 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…
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Wealth
A 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…
ByThe end of the affair
There’s always something quite poignant about the end of season at a holiday destination. There’s always something quite poignant about…
ByING receives 10bn Euro bail-out for government stake
Dutch banking and insurance group ING is to receive a government bail-out worth EUR 10 billion, which will result in…
ByNo further job cuts at Singer’s despite market rumours
Kaupthing Singer & Friedlander puts retention scheme in place for the remaining staff. UK administrator Ernest & Young have confirmed…
ByFrench PM calls for ban on offshore banking
François Fillon, French Prime Minister, is calling for offshore centers to be closed down in an attempt to control what…
ByDetention defeated
The scale of the humiliation doubtless was exacerbated by the intervention of Tony McNulty. The defeat of the proposal to…
ByGlobal shares plummet again
Yesterday, the FTSE closed down 7.16 and New York hit an all time low since 1987. Today, Asian shares nose-dive…
BySinger & Friedlander cut jobs after sale falls through
Six private banking staff at UK private client business Singer & Friedlander were let go yesterday, a spokesman confirmed. Six…
ByWatch this space
Check this post for regular updates during Frieze Week. Frieze Week is officially upon us, starting last night with a…
ByBarclays derides RBS’s recruitment chances
Barclays appears to be getting into a war of words with Royal Bank of Scotland. Barclays appears to be getting…
ByThe Omagh Bomb failures
The police have failed to prosecute the four suspects identified as the bombers. In August 1998 Irish republican terrorists detonated…
ByNumber of billionaires now less numerous
The wealth of billionaires worldwide is being slashed by the plunge of financial markets and the plummeting values of their…
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