BGN Entrepreneur

Hedge funds would send the most junior analyst to the seminars that bullion bankers hosted not so long ago. Gold, on the other hand, was the ultimate dreary assert or interest only to central bankers and miners for much of the past two decades.
However, now, the same bankers are struggling to find time in their [...]

It emerged that Trustees of the Tate galleries lost £1million after investing in hedge funds. Finance bosses at Tate Britain and Tate Modern have pulled out of the funds following the loss.
Among the current and former trustees who were responsible for the hedge fund investments were leading financiers including Treasury minister Lord Myners, hedge fund [...]

Yesterday, the alleged $50bn fraud by New York financier Bernard Madoff cut a swathe through Europe’s banks as a dozen of the continent’s biggest lenders admitted a potential losses amount to $10bn.
The nationalied Dutch arm of Belgian bank Fortis admitted losses could reach €1bn, while HSBC, Santander of Spain and Union Bancaire Privee of Switzerland [...]

As economic recession bites, the banks in the UK now may need more support from taxpayers. The Britain’s banks may need to raise capital beyond the taxpayer-underwritten money of £50 billion, which is already earmarked for them.
According to Times news, the Bank of England’s report into financial stability suggests that a recession as severe as [...]