Managers of Wealth

The Year the Earth Stood Still

At the end of May a German official, Stephen Kohn, blew the whistle on the established Covid-19 narrative, and leaked a 93-page report entitled Analysis of the crisis management.

9 in 10 Women Feel Unprepared for a Recession: Ellevest Survey

The research findings are based on data from Ellevest’s new women’s financial health index and from its second annual financial wellness survey.

The 2022 growth plan – Assessing the implications

Businesses and other non-domestic energy users will also see energy prices discounted by around 60% for six months

The UK’s new government goes for broke

At this stage, it is hard to see the spending offering a lasting path to economic growth.

“Expert” investors believe sustainable investing is most likely to drive long-term returns

This is among the sustainability-focused findings of Schroders’ Global Investor Study 2022, which have been revealed today.

Is Warren Buffett the solution for Credit Suisse?

Only rumors about a capital increase have caused the CS share price to drop to almost 4 francs in the past few days.

abrdn global loans head takes on high yield fund manager role

Expansion of responsibilities

Anticlimax coming to Westpac wealth auction

There’s unanimous agreement around the auction that CBA and KKR-backed Colonial First State was the final party standing.

British debt cost rises and sterling sinks after new economic plan

Cuts in income taxes, property taxes, the exemption for foreign visitors and the suppression of a rise in corporate taxes are the objectives of the Government to give a boost to households and companies.

Rate rise expectations are hammering gold

Investors have been voting with their feet and reducing their gold positions, because the combination of high short-term interest rates and lower inflation expectations has reduced gold’s appeal.

Ticino real estate market under the spell of rising interest rates

In the past decade, various negative factors such as the abolition of the minimum exchange rate against the euro, the de facto abandonment of banking secrecy or the second home initiative have weighed on the canton's economy

Swiss franc hits record high against euro

The euro also fell to a 20-year low against the US dollar.

Odey fund surges 145% on big bet against gilts

The firm’s main fund reportedly saw the bumper gain this year after making its largest position a bet against long dated bonds its largest position.

Credit Suisse Checks Appetite for Fresh Capital

In addition, the report also said that Credit Suisse was considering an exit from the US market.

Recession risks rising, as Fed’s inflation fight is far from over

The Fed’s decision on rates was unanimous, and Mr Powell noted that the Fed still intends to move ‘purposefully’ towards rates that actively restrict growth, with the current 3.00-3.25% level now on the cusp of that territory.

Credit Suisse sounding out investors for capital hike – report

The bank will announce progress on its strategy review when its third-quarter earnings are published.

Brewin Dolphin awards community grants to local good causes

Since its inception in 2013, coming up for its tenth year, the Brewin Dolphin community grants programme has donated over £240,000 to local good causes.

Raymond James Seeks to Serve More Wealthy Clients

Raymond James has the capabilities to serve wealthy clients, but the new Private Wealth Advisor Program will help advisors better match the firm’s resources with client needs

Credit Suisse considers splitting investment bank in three

Swiss lender hopes to sell profitable units to stave off a damaging capital raise

FTSE slips as Bank of England gears up for bumper rate rise

After the Federal Reserve's aggressive 0.75% interest rate hike yesterday, the Bank of England is expected to follow suit today, with UK shares under pressure as borrowing costs rise.

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