Former City stockbroker is sent down for defrauding investors November 5, 2012 A FORMER City broker was locked up for 13 years yesterday after defrauding investors out of millions of pounds to finance his “lavish” lifestyle. Nicholas Levene, 48, lost an estimated £32m of investors’ money between 2005 and 2009 after diverting funds given to him by investors into his own accounts. Levene used £18m of the [...]
Former City stockbroker is sent down for defrauding investors November 5, 2012 A FORMER City broker was locked up for 13 years yesterday after defrauding investors out of millions of pounds to finance his “lavish” lifestyle. Nicholas Levene, 48, lost an estimated £32m of investors’ money between 2005 and 2009 after diverting funds given to him by investors into his own accounts. Levene used £18m of the [...]
Accountants expect bonuses to fall after mixed financial results November 19, 2012 ACCOUNTANTS in the UK are expecting their bonus pots to fall this year according to research released yesterday, after profits per partner at the big four firms fell by up to five per cent. Both bonuses and overall remuneration are expected to fall by around two percent, mirroring the decline of the past two financial [...]
Accountants expect bonuses to fall after mixed financial results November 19, 2012 ACCOUNTANTS in the UK are expecting their bonus pots to fall this year according to research released yesterday, after profits per partner at the big four firms fell by up to five per cent. Both bonuses and overall remuneration are expected to fall by around two percent, mirroring the decline of the past two financial [...]
The money delusion: How I escaped the misery of my millions January 7, 2013 THE girl was absolutely gorgeous and I was thrilled to be chatting her up. It was about 2.30 in the morning and I sat with her in Jimmy’z in Monaco, a very expensive nightclub, drinking Cristal, a very expensive champagne. “What do you do?” she asked, music thumping in the background. I tried to adopt [...]
Retailers hit as UK consumers stay cautious April 26, 2012 RETAIL sales slid in April as shoppers remained wary of making big purchases, influential survey data showed yesterday, while consumer confidence remained low. However, retailers remained upbeat on future sales, according to the Confederation of British Industry’s (CBI) distributive trades survey, indicating they expect the economy to improve. The study shows 33 per cent of [...]
Meet Mark Carney: the Canadian flown in to save the UK economy November 26, 2012 IN APPOINTING Mark Carney the new governor of the Bank of England, the government has found an ex-Goldman Sachs director comfortable with garnering the views of the City – yet unafraid of standing his ground at times of conflict. The Canadian famously clashed with JP Morgan chief Jamie Dimon after a fierce disagreement over the [...]
HSBC to scale back Islamic business October 5, 2012 HSBC is to significantly scale back its global Islamic finance operations and will stop offering Shari’ah compliant products in the UK as part of a global restructuring, it said yesterday. The bank, which pioneered the first Western Islamic bond last year, said it will scrap Shari’ah loans and bank accounts for personal customers in the [...]
What the other papers say this Morning December 12, 2012 FINANCIAL TIMES Steel chief Mittal upbeat on US growth US manufacturing is poised to reap the benefits of cheaper energy, propelling the world’s largest economy into a new growth phase, says Lakshmi Mittal, chairman and chief executive of ArcelorMittal. Brussels backs Hutchison Orange deal Europe’s top competition authority approved the acquisition of France Telecom’s Orange [...]
PERSONAL FINANCE NEWS June 15, 2011 BLOWING THE PENSION ON FAST CARS According to research from Prudential, 8 in 10 pensioners with company and private funds are taking lump sums averaging £21,500. They report that the average withdrawal is down 11 per cent on 2008, but an increasing number are blowing the cash on holidays, cars and DIY – potentially reducing [...]