UBS flags bonus cuts but overall pay stays high

The Swiss bank, hit in 2011 by a rogue trading scandal and still clawing its way back from a financial crisis bailout, is slashing 2011 investment bank bonuses by 60 percent, a steeper drop than most rivals.


Pictet AM launches EUR Short Term High Yield fund

In an environment of moderate growth, low inflation and deleveraging, EUR high yield short dated bonds offer an attractive risk/return profile in a European market that has matured at a rapid pace over the past several years.


Is bashing barclays bankers justified

As Barclays reveals its profits Channel 4 News Business Correspondent Sarah Smith asks if, in this case, it is time to stop the popular pastime of banker bashing?


Cameron calls for truce on bonuses

The government plans to play down the significance of banker bonuses over the rest of the bonus season as it attempts to call a truce in the war of words between politicians and bankers.


High-rate pensions tax relief faces axe

Wealthier savers should be stripped of the higher-rate tax relief on pensions, Chief Secretary to the Treasury Danny Alexander suggests, in a move that will increase pressure on George Osborne to make the rich pay more.


Nordea named the best in Private Banking

It is the fourth time in a row that Nordea is at the top of this ranking. Nordea is also named the best provider of private banking services in Sweden


Credit Suisse private banking profit drops

Credit Suisse Group reports 2011 net income attributable to shareholders of CHF 1,953 million, Core Results pre-tax income of CHF 2,749 million, return on equity of 6.0%, underlying return on equity of 7.3%