Saturday, 7th November 2009

 

2 July 2009 - Press Briefing

US billionaire philanthropist donates $100m for genomic research

Eli Broad has donated $100m (€70.8m) to a genomic medicine research institute in Cambridge, Massachusetts, the Los Angeles billionaire philanthropist’s foundation declared on Wednesday, according to a report in Xinhua.

The contribution to the Broad Institute of MIT and Harvard, a newly created permanent nonprofit entity, was the first installment of a $400m endowment committed by the Eli and Edyth Broad Foundation to the institute.

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  1. Barclays Wealth team leaves for Standard Chartered
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  3. UBS wealth unit takes £33m hit on rogue trades
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  5. Morgan Stanley poaches six-member private wealth team from UBS

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

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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  1. Sotheby's 3Q loss widens
  2. Going local --- In a shaky art market, collectors stick close to home
  3. In Tax Case, 4 Days Save Robertson $27 Million
  4. UBS predicts 11% rise in number of HNW UAE nationals
  5. Bonus boom will buoy luxury property market

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