UK millionaires think Brexit will make them even richer, survey finds
Rich ‘now taking a more positive view’ of Britain’s departure from the EU, UBS Wealth Management finds
Banking
UK home to 80% of top-earning European bankers
Figures showing more than 4,000 City financiers were paid more than €1m in 2015 come as UK prepares for Brexit talks
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
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
Gold can be a big deal for small investors, but nothing is certain
Outstripping house prices, the FTSE 100 and fix-rate bonds, the precious metal looks tempting. Just remember that what goes up…
Who invented the cash machine? I did – and all I earned was £10
James Goodfellow patented the first ATM and created the first pin code but, unlike those in the financial industry who command vast salaries, he effectively earned nothing for his all-conquering contribution