Wire
NYT: Obama favours Buffett Rule to make millionaires pay more
WASHINGTON — President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers, according to administration officials
Early intervention by private funding can save billions, report says
Early intervention can significantly reduce the economic cost of some of the UK’s most difficult social problems, currently £100 billion a year, a report published by Barclay’s Wealth has found
FT: Adoboli allegedly used Kerviel tactics
Kweku Adoboli, the trader charged with blowing a $2.3bn hole in the books of UBS, allegedly disguised huge lossmaking positions with fictitious counter-trades, the bank has stated, the same tactic used by Jérôme Kerviel who caused €4.9bn of losses at France’s Société Générale in 2008
Terry Smith, Chief Executive of Fundsmith on ETFs: 'You were warned'
The losses incurred by an allegedly rogue trader at UBS have again exposed the risks inherent in ETFs, writes Terry Smith, Chief Executive at Fundsmith in his straight talking blog
STEP Awards 2011-12 Winners
The winners of the STEP Awards 2011-12 were announced at the Hilton on Park Lane last night
Three cheers for UBS's rogue trader?
In the week of the Vickers Report, what better evidence that investment banks and retail banks should be separated?
How the Vickers Report Affects the Wealthy
The Vickers Report on banking reform, published today, provided little clarity on how HNW private banking clients would be affected
Vickers Report: Key Conclusions
The final report of the Independent Commission on Banking has recommended that deposits from normal customers and SMEs should be ringfenced within a bank, with its own board of directors. Read more here
AFP: Hurun announces wealthiest Chinese
SHANGHAI — A machinery tycoon topped a list of China's richest people released on Wednesday, as the world's second biggest economy continues to create dollar billionaires despite the global crisis
RIBA announces best new house shortlist
The Royal Institute of British Architects (RIBA) is pleased to announce the six new private houses shortlisted for the 2011 RIBA Manser Medal for the best new house in the UK in association with HSBC Private Bank
Unbillable Hours
Our specialists solve your HNW problems (gratis!)
Q
Is it really possible to avoid stamp duty land tax when purchasing land and property?
A
A lot has been made recently in the press about buyers of some of the UK’s most expensive homes avoiding stamp duty land tax (SDLT) by purchasing their home through a company.
Spear's Wire
