Wealth and Asset Management

01/03/2012

ANZ set sights on EU banks' Asian assets

IN the countdown to the close of 2011, with European banks caught in an ugly pincer movement, ANZ Banking Group chief executive Mike Smith began knocking on some doors.

01/03/2012

New Hurdles Loom in Euro Crisis

Economic reports will shed light on the depth of the downturn in the euro zone, which accounts for about a fifth of world output. Ratings companies lurk in the background, having already put the euro zone on notice for possible downgrades if the crisis ro

01/03/2012

Japan IMF stress-test results coming soon: report

The tests will simulate how banks' finances would stand up under a variety of scenarios, such as fallout from the euro-zone debt crisis, weak economic growth or a double-dip recession, the Nikkei reported.

01/03/2012

Tax Gift To The Rich

The average tax rate for the 400 wealthiest Americans was 29.3 percent in 1993, but dropped to 18.1 percent in 2008, according to the latest IRS statistics.

01/03/2012

Wealth gap evident on Capitol Hill Another pension perk

We don't begrudge anyone money he has worked for, but there is evidence some members of Congress have used their position for personal gain. There have been recent disclosures of use of inside information to trade on Wall Street - a practice that, in

01/03/2012

Financials hold key to Wall Street revival

With healthy banks widely seen as essential to economic recovery, there is concern that US equities will struggle in 2012 unless financials break out of their deep slump.

01/03/2012

Time for a British investment bank

First, some £40billion of ‘credit easing’ designed to get cheaper credit flowing to small and medium sized enterprises and, second, a boost for infrastructure spending to create jobs and investment in new capital projects.

01/03/2012

A critique of the financial sector and people's behaviour

First of all I may say that the essay was wrote on December of 2010 when the actual financial crisis was not in its worst stage but all the conclusions fits very well to some of the events that have happened in the last months and actually continue happe

01/02/2012

Crispin Odey: 'horrble' 2011 has produced bargains

At the close of a tumultous twelve months on the markets, hedge fund manager Crispin Odey has described 2011 as a "pretty horrible year", but pointed to opportunities in 2012 presented by cheap prices.