Wire
Bordeaux Index: Wine gives sweeter returns in 2011
London, 18th July 2011 – In contrast to the volatility experienced in the global financial market, investors in fine wine have enjoyed steady gains of over 13% during the first six months of the year
FT: US investigating Credit Suisse over evasion
The outlook for Credit Suisse darkened on Friday after the Swiss bank revealed it had been formally placed under investigation by the US authorities over allegations it helped rich American people evade tax
Scorpio Partnership Global Private Banking Benchmark 2011
Private banking assets under management, income and profits all rose this year, but rising costs and difficulties in attracting new client money leave the sector vulnerable
Reuters: No Julius Baer client data on 'stolen' CDs
WASHINGTON (Reuters) - Two computer discs that a Swiss banker handed over to WikiLeaks founder Julian Assange with public fanfare last winter and that contributed to his arrest days later contained no secret banking data at all, two of the banker's associates have told Reuters
Questions for Mark Davies, CEO of FF&P
After the news of FF&P's acquisition of Gebhard, Corrodi and Partners, Freddy Barker asks CEO Mark Davies why they're looking to Europe, not Asia
Sotheby's has highest total for Contemporary sale
Last evening, Sotheby’s London Contemporary Art Evening Sale brought the extraordinary total of £108,803,550 / $174,129,201 /€120,923,897 – in excess of pre-sale expectations (estimate: £74-105 million) and establishing the highest total ever achieved for any sale of Contemporary Art in London
Reuben Brothers Buy In and Out Club for £130m, Report Says
Reports on the internet suggest that the In and Out Club on Piccadilly, which has been on the market for £200 million since owner Simon Halabi's bankruptcy, has been sold to the Reuben Brothers for £130 million
JP Morgan Launches Wealth Management Business in UK
J.P. Morgan will launch a high-net-worth wealth management business in the United Kingdom, the bank announced today
Scorpio: Brand new concern for banks
Banks and wealth managers don't know enough about their clients and their senior executives don't care enough about their image to make their firms into effective brands, new research has found
PwC wealth survey shows greater client caution
The 2011 PwC Global Private Banking and Wealth Management Survey has been released and shows that clients are still cautious while increased regulation will fundamentally alter business models
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
