Detention defeated
The scale of the humiliation doubtless was exacerbated by the intervention of Tony McNulty. The defeat of the proposal to…
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Wealth
Global 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…
ByRBS to raise £20 billion in new capital, lose CEO
RBS is to raise £20 billion in new capital. The first £15 billion will be raised through the issuance of…
ByLloyds TSB revises HBOS acquisition terms
Lloyds TSB has announced revised terms for its acquisition of HBOS and also said that it is planning to raise…
ByDeutsche Bank’s new advisory plan
Deutsche Bank unveiled plans to create about 2,500 new advisory positions at its Private and Business Clients division in Germany…
ByThe fall-out: how long?
No-one in authority knows how long the fall-out from the credit crisis will last. No-one in authority has hazarded a…
ByBonuses in City crash by 60 per cent
The bonuses paid by banks in the City of London’s will be 60 percent lower this year. The bonuses paid…
ByHMRC prolongs tax haven disclosure period
Revenue & Customs is planning to offer UK taxpayers a second chance to make disclosures on their offshore bank accounts.…
ByThe source of London's greatness
It was sweet, this bizarre agglomeration of people from all walks of London life. I went to the 1000 Most…
ByTheatrical teasers
London’s theatres are experiencing a classic season. If you call me any evening over the next few weeks, you’re likely…
ByThe bail-out: what's the cost?
The US taxpayer is being taken for the biggest ride in history. So Washington approved Hank Paulson’s $700 billion bail-out…
BySwiss, Liechtenstein bankers gather to defend secrecy
Senior Swiss and Liechtenstein bankers defended their countries’ banking secrecy laws, in declarations to a private wealth management seminar held…
ByBarclays warns of irreversible changes to system
The global financial landscape has undergone a radical transformation and there will be no return to a pre-credit crunch situation.…
ByReport: hedge funds not trimmed but slashed
US advisory group Hennessee says September will be the worst month for hedge funds in a decade. US advisory group…
ByOJ Simpson: justice and revenge
It is wrong to judge, but I can’t help how I feel. There is a God, after all, it seems.…
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