Wegelin & Co, the oldest Swiss private bank, said on Thursday it would shut its doors permanently after more than 2 1/2 centuries, following its guilty plea to charges of helping wealthy Americans evade taxes through secret accounts.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Google cleared of search results bias after FTC investigation
After two-year investigation, US regulators force internet giant to agree to change how it presents some search results but exonerated over bias
Sweet Mandarin sisters secure sauce deal with Sainsbury’s and Selfridges
They shot to fame thanks to Gordon Ramsay and Dragons’ Den. Now the twin sisters who run the Sweet Mandarin restaurant have secured a major deal with Sainsbury’s to sell their sauces.
University is not the only option for gifted school leavers
There are many alternative, and often cheaper, routes into work for school leavers who don’t have a degree – just ask the 20-year-old IT entrepreneur with 27 GCSEs.
Banks must be split, says leading think tank
Major banks should be forced to split their retail and investment arms to end the era of extortionate fees and big bonuses, according to a think tank.
UK manufacturing jumps to 15-month high
UK factory activity jumped unexpectedly in December to grow at its fastest pace since September 2011, raising the chance that the economy eked out growth at the end of 2012.
Retail bankruptcies soar for third year amid weak demand and rising costs
More retailers expected to go bust in new year after early signs show Christmas and new year sales boom has been short-lived
President Obama praises US ‘fiscal cliff’ deal
Barack Obama has hailed a deal reached to stave off a “fiscal cliff” of drastic taxation and spending measures as “just one step in the broader effort to strengthen the economy”.
Karren Brady and Roger Carr behind women’s mentoring firm
Sir Charles Dunstone and Sir Roger Carr are leading a group Britain’s business bosses who have formed a mentoring company to boost women executives in big companies.
Peter DaCosta: black-cab killer or London taxis’ driving force?
The Eco City CEO who broke Manganese Bronze’s monopoly is an inveterate entrepreneur who welcomes Nissan’s competition
Retailers demand halt to 2.6pc business rates rise despite Boxing Day bonanza
Retailers have issued a rallying cry to MPs to block a 2.6pc rise in business rates early next year amid warnings Britain’s hard-hit high streets are in for another “tough” 12 months of trading.
The Queen goes 3D for Olympics tribute
The Queen will use her traditional Christmas Day message, filmed in 3D for the first time, to pay tribute to the world’s athletes for delivering a “splendid summer of sport” at the London Olympics.
Retailers predict ‘acceptable’ Christmas trading figures
Christmas sales figures are likely to be “acceptable” rather than “exceptional”, the British Retail Consortium (BRC) has predicted.
More retail casualties as Christmas trading unwinds, says Begbies Traynor
More major national and regional retail chains are facing insolvency while thousands of smaller operators are in danger of going under in the run up to another tough trading year says Begbies Traynor.
Does it pay to be flexible?
The OECD reckons that the UK already has one of the most flexible labour markets in Europe. As we know, it has been performing remarkably well, creating jobs at a time when national output has been flat.