Author Archives: Duncan Glassey

Industry luminary slams hedge funds

Posted in Money Box Monday | If something sounds too good to be true… John Paulson, chief of Paulson & Company, has criticised the growing trend on the part of hedge funds suspending redemptions, according to a report in The New York Times. “We think it’s a mistake for managers to use gates and other […]

Barclays settles €50m fraud claim with Qatari prince

Barclays has reached a settlement over an embarrassing legal claim raised by Sheikh Abdul Aziz Al-Thani, brother of the Emir of Qatar, that €50m ($69m) had been stolen from his account at the UK bank in Marbella between 2001 and 2003, according to a report in The Daily Telegraph, London. The sheikh had charged Barclays […]

Starting with The End in Mind

Question Duncan, what is Financial Life Planning? Answer The typical financial strategy demands that you set aside money for some distant future that you may not even live to enjoy. For many people, the idea of slogging away for 20, 30 or even 50 years before seeing any reward simply doesn’t appeal. They either never […]

Sir Keith Mills’ letter

This morning UK entrepreneur Sir Keith Mills published a letter urging fellow Coutts clients to lobby the bank for compensation after it allegedly recommended investing in AIG’s troubled £6bn (€6.4bn) money-market fund. The letter in full is published below. An open letter to Coutts customers 19th December 2008 Dear fellow Coutts customer, If you are […]

Another Blow for Fragile Banks

The banking sector has received another blow to its already fragile confidence as Standard & Poor’s has lowered its credit ratings on a number of institutions, including amongst others, Barclays, HSBC and RBS. This reflects the significant pressure on these large complex financial institutions’ future performance due to increasing bank industry risk and the deepening […]