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...Advisers at the UK’s biggest wealth manager St James’s Place owe £920mn in business loans through a scheme facilitated by the company that allows them to buy clients from other advisers....
...The amount of underperforming loans extended by St James’s Place to its advisers more than doubled last year, as rising interest rates affected the ability of partners at the FTSE 100 wealth manager to repay...
...Professor Simon J EvenettUniversity of St Gallen,St Gallen, Switzerland Letter in response to this letter: Global trade problems — the Swiss current account / From Peter Perkins, Dallas, Texas, US...
‘St George’s Day was yesterday’
...St James’s Place levies upfront and ongoing charges for both advice and products....
...St James’s Place has reported a drop in net customer inflows to £710mn over the first three months of the year, down from £2bn a year ago....
...St James’s Place has suffered a sharp drop in net inflows over the first quarter as the wealth manager grapples with customers withdrawing their money and potential redress payments to clients....
...St Vincent’s credo of reinvention continues. ★★★★☆ ‘All Born Screaming’ is released by Virgin Music/Fiction Records...
The musician Annie Clark loves flasher coats, food candles and phone calls
...PZ Cussons is offloading self-tanning brand St Tropez and exploring a sale of its Africa business, after the devaluation of the Nigerian naira and chronic inflation on the continent eroded the group’s profitability...
The trial of a Wall St whale, future-proofing your career and who’s going to be the last pop star?
...Financial adviser St James’s Place could use some guidance itself — of the legal variety. Otherwise unexceptional full-year results included yet another blow for its shareholders....
...Wealth manager St James’s Place has slashed its final dividend by 78 per cent and said payouts will remain at a fixed level for the next three years....
...St James’s Place said it anticipated it would take between two and three years to settle the issue, and had engaged “extensively” with the FCA on the matter....
The shift towards more opportunistic and tactical positions is risky
...St Patrick’s Day celebrations will ring out around the world next Sunday, as well as in the days leading up to the feast day of Ireland’s patron saint....
...As the share price of St James’s Place began to plummet by almost a third on Wednesday morning, shareholders could have been forgiven for feeling a sense of déjà vu....
...The new chief executive of St James’s Place has said he will conduct a review of every element of the business, as inflows to the group’s products nearly halved last year....
...Net inflows to St James’s Place’s products nearly halved last year, as economic upheaval and attractive returns on cash dented clients’ confidence in long-term investments....
...The area’s creative landscape is “the real soul” of St Moritz, says Sachs. “Not the fur coats, champagne and little dogs.”...
...Close to the border with Lombardy, St Moritz has an Italianate air....
...Andy Streasick St Paul, MN, US...
...This is what brought me to Jamie Oliver Catherine St. Call it the Big Suck. The venue comes courtesy of Oliver’s partner in the venture, Andrew Lloyd Webber....
...Musalem will join the St Louis Fed in April, and will have a seat on the rate-setting Federal Open Market Committee in 2025....
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