“Dear Al, Are you really that surprised that we are seeing inflation?" Helpfully, the Adam Smith Institute has drafted Mervyn King's letter to Alistair Darling for him... more
Swiss bank UBS, one of the City's biggest employers, made a profit of £717 million after taxes in the final quarter of last year, beating analysts’ expectations... more
There were mixed results from the latest bank results today, after Standard Chartered announced plans to raise £946 million to capitalise on the downturn, but Swiss bank UBS said it is “cautious” about its prospects, as it posted another big quarterly loss ... more
The son of former Warburg Securities chairman Peter Wilmot-Sitwell has been appointed co-head of investment banking at UBS, the Swiss owner of the firm where his father worked
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Oswald Grübel, the new chief executive of UBS, has turned to his former bank Credit Suisse to recruit Ulrich Korner as the group's chief operating officer... more
Banking: Banking giant UBS, facing mounting losses and increasingly aggressive legal action by the US taxman, is said to be doubling some senior investment bankers' pay to offset lower bonuses... more
Banking: The chief executive of UBS was ousted as the flames of exposure to the global credit crisis, accusations of helping rich Americans avoid tax and links to the Madoff scandal engulf the giant Swiss bank... more
Sofia Coppola's boyfriend is lead singer and they won the Grammy for Best Alternative Music Album this year. Now, Phoenix tell Nosheen Iqbal, they are set to conquer London
Move over, Mahiki. Nightclub entrepreneurs Charlie Gilkes and Duncan Stirling are soon to launch a new Eighties-inspired club in Chelsea, in honour of Lady Thatcher
Morning:
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