Hedge funds posted their lowest annual returns in 2015 in four years, according to data from investment research firm, Eurekahedge.
HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s Swiss bank to evade tax, a senior official has admitted for the first time.
Robertson Stephens, the investment management firm for wealthy individuals, family offices and institutions, has hired Alice Wu as managing director and president of the Asia region.
Deutsche Bank, setting out priorities for its new wealth management division, said it will seek to become one of the world’s top five managers of money for the rich over the next few years.
The City of London’s most vocal “bear” has warned that the world is heading for a financial crisis as severe as the crash of 2008-09 and prompt the collapse of the eurozone.
Markets can remain irrational longer than you can remain solvent. Such is the advice John Maynard Keynes is supposed to have given to would-be investors looking to make a killing in the period between the first and second world wars.
The jury trial date for six people alleged of playing a role in the manipulation of the Euro Interbank Offered Rate (Euribor) has today been set to begin on 4 September 2017.
Bitcoin was the world’s best-performing currency in 2015, beating out the US dollar by nearly 40 per cent.
Major investors in HSBC think the bank is more likely to remain headquartered in London following changes to the political and regulatory landscape since the bank announced a review nine months ago.
The UK economy will have to weather a short, sharp shock, with Brexit uncertainty holding back both business investment and consumer spending, according to a leading economic forecasting group.
A sharp fall in housebuilding ahead of the EU referendum dragged down the construction sector in May as firms mothballed projects and delayed new work.
The Bank of England’s chief economist has called for a big package of measures to support the UK’s post-Brexit economy, stressing the need for a prompt and robust response to the uncertainty.