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Currency management: A long way to go

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By Ian Fraser Published: The Fund Business Date: September 2008 PRODUCT FOCUS: ACTIVE CURRENCY MANAGEMENT Strathclyde and Lothian pension funds are among the investors that are warming to active currency products. But managers still have much to prove before they can reduce investors’ scepticism, says Ian Fraser SPECIALIST currency managers have …

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Does Goldman really care for its clients?

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29 September 2008 THERE’S a good article in the current issue of The Economist on the “venerable” investment bank Goldman Sachs. The article includes a paragraph on how Goldman, which last week received a lifeline from the “Sage of Omaha”, Warren Buffett, emerged from the sub-prime crisis in marginally better …

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The bankers’ new clothes

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By Ian Fraser Published: Sunday Herald Date: 27 April 2008 RBS’s refunding move is the first step in UK banks waking up from their self-delusion to the reality of the credit crunch  BRITISH BANKS, LIKE THE EMPEROR WHO WAS SO easily duped by his tailors, were suffering from chronic self-delusion …

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In pursuit of success on a silver platter

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By Ian Fraser Published: Sunday Herald Date: 3 October 2004 Despite a drive by high street banks to corner the market in financial advice to the rich, independents still rule. By Ian Fraser IT seems like a no-brainer. Private banking, meaning looking after the banking and investment needs of Britain’s …

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World bank rebel wages war on Wall Street

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By Ian Fraser Published: Sunday Herald Date: 7 July 2002 JOSEPH Stiglitz is a rare breed, an heretical economist who has ruffled the self-satisfied global establishment that once fed him. When I met him in the fashionable surroundings of One Aldwych last week, Stiglitz warned that current fears about the …

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Granddaddy goes back to square one

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By Ian Fraser Published: Sunday Herald Date: 8 July 2001 One of the world’s greatest investment banks carries his name. Yet Bill Hambrecht turned his back on Hambrecht & Quist to set up a brand new tech-based venture. But could the US downturn knock him off course? A year after …

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THE GIANT KILLER

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By Financial Editor Ian Fraser and Business Editor Kenny Kemp Published: Sunday Herald Date: 13 February 2000 It was the ultimate battle. Two Scottish banks fighting head-to-head to take over NatWest. Financial Editor Ian Fraser and Business Editor Kenny Kemp examine the fortunes of a war which ultimately led to …

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Banking on a future

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By Ian Fraser Published: Sunday Herald Date: 3 October 1999 This week the Bank of Scotland will let investors know the details of its NatWest bid. Ian Fraser examines the fine print A DIRTY war has broken out for the heart of British banking following the Bank of Scotland’s £21 …