Category: Business
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HSBC winds down private banking operation in Monaco
Move completes effort to reduce services to wealthy after tax scandals at Swiss arm and dealings with Panamanian law firm
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Where is the world’s most hi-tech city? (And it’s not San Francisco …)
Twitter and Uber may be based in San Francisco, but Santiago’s ‘Chilecon Valley’ and the South Korean capital Seoul could both make claims
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Sales of luxury London properties collapsed by 86% in past year
Developers scale down most opulent projects, with newbuilds divided into smaller homes, as increased taxes blamed
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Peter Dundas leaves Roberto Cavalli
The Norwegian designer is to leave the Italian label after only 19 months at the helm in the latest episode of fashion’s musical chairs
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World’s billionaires lose £215m each as global economy struggles
Study finds billionaire population grew in 2015, but total wealth of this group fell by nearly £250bn as economic growth stalled
