'Move Past The Crisis,' Barclays Wealth To Clients
Global markets are now functioning normally, and stocks, particularly those in developed markets, likely offer more upside going forward, according to Barclays Wealth.
The Top Ten Most Resilient Luxury Brands
The wealthy are still living in a material world, although they are toning down their habits. Global luxury goods sales are expected to fall 8% to €153bn ($230bn) this year and will take at least three years to recover to 2008 levels, according to US consultant Bain & Co.
Rich Monitor
Property rich list reveals casualties
The UK's 100 richest property tycoons have seen £43bn (€46.86bn) wiped of their collective net worth, after the recession dragged commercial property prices down by 44% over the last two years.
Rich Monitor
I’ll fly away: Lehman sells off its last Gulfstream jet
Since Lehman Brothers filed for bankruptcy more than a year ago, the securities firm has sold two Gulfstream IVs, a Dassault Falcon 50 and a Sikorsky chopper. Lehman parked the jets at the Westchester County Airport in White Plains, New York, a convenient locale for its former chief executive Richard Fuld, who lives in nearby Greenwich, Connecticutt.
Rich Monitor
