Monday, 23rd November 2009

 

19 December 2008 - Press Briefing

Nectar tycoon launches campaign against Coutts over AIG

Sir Keith Mills, the tycoon behind Nectar loyalty cards, has launched a campaign to shame Coutts after the private bank allegedly advised him to remain invested in savings bonds issued by AIG, according to a report in The Times, London.

Mills, who netted £160m (€171m) last year after selling LMG, the Nectar business, has set up a website as a rallying point for other wealthy clients of Coutts, who range from the Queen to several England footballers, to join him in forcing it to pay compensation.

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Lombard Odier hires from Coutts
  3. More US wealthy opt to surrender their citizenship
  4. Stanhope Capital grows staff by 50%
  5. Comment: Prince William seals the ascent of hedge funds

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

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

More from Rich Life

  1. KKR's deal maker and truffle hunter
  2. Diary: Utopia for Yacht Lovers
  3. Colonel Gaddafi's son buys £10m London property
  4. London & Stamford profits up but still 'cautious'
  5. How The Rich Are Different: Recession Hits Investment Psyche

Related Content

  1. Griff Rhys Jones slams wealth managers
  2. AIG warns on protected fund distributions
  3. Coutts fights back after fresh attack over AIG

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347