Client concerns
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AIG fund victims get financing for fight
The AIG Investor Action Group, the lobby group set up to represent those who lost money in the enhanced money market fund, have received financing to continue their fight for compensation from the private banks which advised them to invest in the fund.
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Crunch time for wealth managers
Wealth managers need to work out how to communicate better with their clients or face mass defections, according to research from Dow Jones.
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SFO freezes Stanford assets at London banks
The UK Serious Fraud Office has obtained a restraining order for over $100m (€70.9m) of assets held at "certain London financial institutions" that are connected to the alleged Allen Stanford investment fraud.
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Is the worst now over for UBS?
When UBS persuaded Oswald Grübel to come out of retirement to become its chief executive, the former Credit Suisse head knew he was signing up for the most challenging job in European banking.
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Heads I win, tails you lose
The hedge fund meltdown is making many investors reflect on their strategy for one of the most alluring alternative asset classes.
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Switzerland Investigates Santander
Geneva's public prosecutor said he has launched a criminal investigation into allegations that Banco Santander SA's hedge-fund unit misled investors when it funneled their money into Bernard L. Madoff's Ponzi scheme.
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Financial advisers avoid asking clients the tough questions - survey
A new survey has shown that 25% of financial advisers avoid asking their clients important questions about their investment goals, but instead prefer to concentrate on trival matters.
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France gets tough on offshore money
French banks will have to publish information about their activities in offshore centres in their annual reports, as the Sarkozy government intensifies its activities against undeclared money in tax havens.
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Fidelity Considers Referral Fee
Fidelity Investments intends to begin charging financial advisers when the firm refers wealthy, or "high net worth," clients to them.
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Wealthy continue to shy away from investing
Over two thirds of wealthy investors are still unwilling to pursue investment opportunities for fear of further price falls, even though 90% believe there are good opportunities around.
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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.
