Wealth Bulletin | Headlines - October 9, 2009

Comment: King Ludwig and the private banker

Wealth advisors are sometimes under so much pressure from their clients that they are partial to suffering from a condition called King Ludwig Syndrome. read more.

UBS probed for possible disclosure breaches

The Swiss bourse said on Friday it has opened an investigation into UBS for possible breaches of disclosure beginning in 2007, when it started reporting massive writedowns, and on the corporate governance portion of the Swiss bank's 2008 annual report. read more...

End of the tax haven vacation

From Aruba to the British Virgin Islands, offshore centres have long been favoured by those wishing to hide their assets. However, in the throes of the financial crisis, world leaders looked for others to share the blame and demanded such centres give up many of the features that attracted assets there in the first place. read more..

1. Inside Iceland's banking meltdown: a banker's tale
2. Credit Suisse 'superstar' Amine switches to New York
3. New threat emerges to London's financial crown
4. Occidental Petroleum announces acquisition of Phibro

Wealth Business

1. Top Swiss banker sees Asian wealth driving regional private banking
2. RBC wealth management unit eyes UK acquisitions
3. Julius Baer expects to recover some Italian client assets
4. Seymour Pierce fined over three-year fraud
5. NewSmith becomes pure play asset manager

Rich Life

1. UK hedge fund in £29m payout to 33 top staff
2. Man Group has FTSE's best-paid finance director
3. German dynasties feel the crunch
4. Wealthy piece together new ways to sweat their assets
5. Pharmaceutical billionaire donates $100m to medical centre

Portfolio

1. Italian group raises Europe’s largest cleantech fund
2. 'Cruz Missile' returns with a hedge fund
3. Russia seeks arrest of Hermitage co-founder
4. Rogers forecasts extended commodities boom
5. Aima calls for industry-wide registration

People

1. Russia seeks arrest of Hermitage co-founder
2. Credit Suisse 'superstar' Amine switches to New York
3. Citi Private Bank hires heavyweight from Bank of America
4. Hedge-fund titan declares retirement from Renaissance
5. JPMorgan names chief for UK asset management arm