Sunday, 5th July 2009

 

14 January 2009 - Press Briefing

US declares ex-UBS wealth management chief fugitive

Raoul Weil, the former chief of UBS’ wealth management operations, was on Tuesday formally declared a fugitive after he failed to surrender to US authorities for allegedly helping wealthy Americans dodge assets from US tax officials, according to a report in the Financial Times.

An indictment unsealed in November had accused Weil and other unidentified bankers of conspiring to enable 17,000 Americans hide assets worth $20bn (€15bn) in Swiss bank accounts in order to avoid paying US taxes.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

$95 Million Trump House Could Be Sold–Again

Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.

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