Wire
Forbes: Hong Kong wealthiest lost billions in 2011
Hong Kong’s richest have been some of the world’s biggest beneficiaries from the economic rise of China in the past three decades. Now that the mainland is getting pinched by the global slowdown and tighter interest rates to tame inflation, Hong Kong’s wealthiest are feeling the squeeze
ARC: Every portfolio model lost money in 2011
Private client portfolios across every risk bracket lost money last year, according to figures published yesterday by Asset Risk Consultants (ARC)
WBrief: Sarasin employee arrested after data leak
An employee of Basel-based private bank, Sarasin, has been arrested after leaking private data relating to the family of the chairman of the Swiss National Bank
Art Fund membership increases by 15%
Membership of the UK’s national fundraising charity, the Art Fund, has increased by 15% in 2011 to just fewer than 90,000 members, thanks to the enormous success of the launch of the National Art Pass in April this year
Guardian: Bentley sales move into fifth gear in 2011
Luxury carmaker Bentley snubbed the economic gloom with a sparkling set of figures for 2011, powered by rising sales to China and the United States
£74.9m Auction of Elizabeth Taylor's Jewellery Doubles Record
Actress Elizabeth Taylor’s collection of jewels fetched a record-breaking £74.9 million at auction at Christie’s in New York on Tuesday, more than double the previous record for a single-owner jewellery collection
Coutts: Million Pound Donors Give £1.3bn to Charity in 2009/10
Over 174 separate donations of a million pounds or more, worth a total of £1.3 billion, were made to individuals, trusts and corporations in 2009/2010, the Coutts Million Pound Donors Report has found
FSA on RBS: Bankers Should be Legally Accountable for Bank Failure
The Financial Services Authority report into the failure of Royal Bank of Scotland has criticised the poor decisions made by RBS’s management board, as well as the FSA’s own ‘inadequate’ supervision and ‘flawed approach’, but says that there was not sufficient evidence to bring an enforcement case against individuals within the bank
The Economic Argument for Cameron's EU Veto
The broadsheets are missing the point over last night’s Euro summit, says Freddy Barker
Update: Garnham asked to leave LG over 'conflict of interests'
Lawrence Graham today confirmed that Caroline Garnham, a leading tax and trust lawyer and partner in Private Capital, was asked to leave the firm on Monday 5 December, due to a ‘conflict of interests.’
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Is it really possible to avoid stamp duty land tax when purchasing land and property?
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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.
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