A second bumper year from its core banking business saw Close Brothers, the largest independent City bank, increase its profits by 13% to £131 million in the 12 months to the end of July... more
Investors who lost hundreds of millions of dollars in the collapse of Weavering Capital said to be furious at a decision by the SFO to drop its investigation into the affair... more
Close Brothers is selling its Cayman Islands arm to Intertrust for around $34 million, as Close streamlines its asset management arm to focus on its core UK business... more
The Bank of England Governor is fond of saying that the job of central banks is to take away the punchbowl when the party gets started, and he’s underlined the point when adding to his hoard of acronyms to describe the nation’s economic plight... more
Tory candidate Zac Goldsmith faced fresh embarrassment today when it emerged he had failed to tell his local party about his 'non-dom' tax status... more
The local population of offshore tax havens could be plunged into poverty if Gordon Brown’s plans to clamp down on these regions come to fruition, an expert warned... more
Analysis: As anger mounts about the global economic meltdown, Barack Obama and other leaders are promising a war on offshore tax avoidance. But as this investigation into Swiss bank Julius Baer reveals, it will be a huge challenge... more
Sometimes it pays to throw a wobbly. Wealthy non-domiciled businessmen have thrown an almighty tantrum over Government plans to tax them £30,000 a year, threatening to up-anchor and sail away on their super-yachts. Alistair Darling, in a bid to calm them down, has agreed to exempt them from any prying into their assets or earnings outside the UK... more
New Year 2007 kicked off in the capital with a fireworks spectacular followed by the New Year's Day parade, which was watched by more than half a million spectators.... more
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