Mementos of triumphs make a return to bankers’ desks

May 29, 2014 5:08 pm

Mementos of triumphs make a return to bankers’ desks

By Emma Jacobs

When Lehman Brothers collapsed, Jessica Lindroos watched from her Canary Wharf office as redundant bankers left their building carrying boxes loaded with personal detritus. “It was a difficult time,” she says.

For The Corporate Presence, where Ms Lindroos works, the bank’s bankruptcy was particularly gloomy. TCP makes deal toys, also known as Lucites and tombstones, commissioned by banks to mark the closure of a corporate deal and sit on a desk or an office shelf. The design will include relevant corporate logos and may reflect the nature of the deal. A TCP Lucite for the Twitter deal featured the blue bird logo in a birdcage. Read more of this post

The head of the City regulator has warned financial services firms that his organisation will not allow simplified advice for individual investors to turn into the next mis-selling scandal

May 29, 2014 4:24 pm

Simplified advice won’t become mis-selling, vows regulator

By Emma Dunkley

The head of the City regulator has warned financial services firms that his organisation will not allow simplified advice for individual investors to turn into the next mis-selling scandal.

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), told a Bloomberg conference that the regulator will provide guidance to financial firms helping clarify the boundaries between investment products sold with advice, and those sold with just guidance. Read more of this post

Tranquil markets are enjoying too much of a good thing; After years of monetary experiments, central banks will do ‘whatever it takes’

May 29, 2014 5:16 pm

Tranquil markets are enjoying too much of a good thing

By Gillian Tett

After years of monetary experiments, central banks will do ‘whatever it takes’

Something peculiar is happening in western capital markets. This month almost every measure of volatility has tumbled to unusually low levels. If you look at the degree of actual (or “realised”) price swings – and projected (or “implied”) future movements – investors are behaving as if the world is utterly boring. Read more of this post

Unscrambling Data to Keep Politicians Honest

May 29, 2014

Unscrambling Data to Keep Politicians Honest

ADITI MALHOTRA

Numbers about growth, development, inflation, corruption were going to be used by politicians to build cases against their rivals and bring credit to themselves. This was a crucial time to fact-check the statistics being churned out, said Govindraj Ethiraj, the founder of IndiaSpend.com, a Mumbai-based nonprofit dedicated to data-driven journalism. Read more of this post

Study Finds Nearly 30% of World Population Is Overweight or Obese; Prevalence of Overweight and Obesity Jumped 27.5% for Adults, 47.1% for Kids From 1980 to 2013

Study Finds Nearly 30% of World Population Is Overweight or Obese

Prevalence of Overweight and Obesity Jumped 27.5% for Adults, 47.1% for Kids From 1980 to 2013

BETSY MCKAY

May 29, 2014 8:11 a.m. ET

The obesity epidemic is global: 2.1 billion people, or about 29% of the world’s population, were either overweight or obese in 2013, and nearly two out of three of the obese live in developing countries, according to a study released Thursday. Read more of this post

China’s Game of Real-Estate Chicken: Who Will Blink First: Buyers, Developers or the Government?

China’s Game of Real-Estate Chicken

Who Will Blink First: Buyers, Developers or the Government?

WEI GU

May 29, 2014 3:38 p.m. ET

The main question in China’s housing downturn: Who will blink first?

Whether buyers, developers or the government, it will say a lot about how China manages what is looking like a serious bust. Read more of this post

India’s Millionaire Tribe Set to Soar

May 29, 2014

India’s Millionaire Tribe Set to Soar

SAPTARISHI DUTTA

While India is home to some of the poorest communities in the world it is also home to thousands of new dollar millionaires.

The number of people in the south Asian nation worth at least seven figures grew to 248,000 last year, according to a report this week by WealthInsight, a company which tracks the world’s rich. That is up from 193,000 millionaires in 2009, the report said. Read more of this post

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