In 2007, HSBC, the Swiss private bank had 30,412 accounts. At the end of 2014 it had reduced that number to 10,343.
HSBC statement in full

HSBC’s Swiss Private Bank Progress update - January 2015 HSBC Global Private Banking (GPB) and in particular its Swiss private bank have undergone (...)

Star Alliance Rooftop Lounge, Los Angeles International

The Wing at Hong Kong International Cathay Pacific bills its first-class lounge, The Wing, as the world’s most exclusive balcony. With g(...)

Detail from ‘Boy Peeling A Fruit’: the fruit is believed to be a green (unripe) Seville or bergamot orange but has long been a subject of debate among art historians

Almost all the surviving paintings by the Italian artist Caravaggio (1571-1610) are in museums, national galleries or churches in Italy. They are rega(...)

Euro bank notes and Swiss franc notes. The shockwaves from Switzerland’s decision to scrap its currency ceiling against the euro continue to reverberate

Foreign exchange brokers across the world reported escalating losses yesterday as the shockwaves from Switzerland’s decision to scrap its currency cei(...)

Detail from ‘Seated Figure’ (Red Cardinal) by Francis Bacon has a top estimate of $60 million

In November last year, Three Studies of Lucian Freud, a triptych painting by Irish-born British artist Francis Bacon sold at Christie’s, New York for (...)

Late actor Ralph Waite as Reverend Norman Balthus in the TV series Carnivale. Photograph: HBO

Stars of 1970s TV series The Waltons have paid tribute to Ralph Waite, the actor who played the kind-and-steady patriarch of the tight-knit rur(...)

US authorities have opened an investigation into manipulation of the currency markets by large banksBenjamin Lawsky, New York’s financial services sup(...)

The compulsion to use puns when describing one’s specialist business can be overwhelming – take the perfect ingredients for a food business, or applyi(...)

Auction ResultsWednesday, June 5th Bonhams, London. A Fabergé cigarette case, £205,250 (£150,000-£200,000). Tuesday, June 11th Sotheby’s, New York. Fi(...)

Twitter reaction to the announcement of Manchester United manager Alex Ferguson’s retirement was at its busiest at 9.34am yesterday, 17 minutes after the soccer club tweeted the news. Photograph: Reuters/Phil Noble

Reaction to the announcement by Manchester United that Alex Ferguson is to retire as manager of the soccer club dominated social media yesterday(...)