09/16/2011

HSBC lifts gold price forecast

HSBC lifted its 2012 gold price forecast to $2,025 an ounce from $1,625 previously, while GFMS said it could “easily” see gold spiking through $2,000 an ounce by the end of this year.

09/12/2011

Banks threaten to move HQs overseas

HSBC, Barclays and Standard Chartered are all considering whether they should move away from the UK unless the Government waters down tough proposals from the Independent Commission on Banking (ICB), out tomorrow.

09/12/2011

From meltdown to the Eden project

It has ambitious plans. In February, Ed Rosengarten, the former chief executive of equities at M&G, joined Eden to transform it into a serious player in the asset management business.

09/09/2011

Combined Net Worth of Social Media Tycoons Near $100bn - study

The fortunes of social media entrepreneurs including the founder of Facebook, Mark Zuckerberg; the brains behind Zynga, Mark Pincus; and the man who introduced Twitter, Jack Dorsey, are at an all-time high, according to a study on 30 of the world's r

09/08/2011

Wealth manager urges action on stock lending

SCM Private has called for wider regulatory scrutiny of stock lending after its analysis of 20 UK retail fund managers showed 19 of them can lend up to 100 per cent of clients' funds, potentially putting client money at risk.

09/07/2011

British tax probe after HSBC leak

THE taxman is investigating the affairs of around 800 wealthy British HSBC clients who held money in Swiss bank accounts after their names appeared on a leaked computer disc.