Greek default necessary but Grexit is not

Defaulting on the IMF and ECB is the only route to short-term relief but nobody has ever done it

Boutique banks: small is beautiful

Owners start to think about cashing in

Towry to launch online services

Wealth manager reveals increase in assets and revenues

Standard Chartered avoids call to retreat

UK-based group has been slow to respond to changes in global consumer banking markets

Strong dollar buffets GE amid restructure

Industrial core business shows healthy growth

Leach stands down in BlackRock reshuffle

Head of European capital markets considers ‘other opportunities’

HSBC: making withdrawals

Balance must be struck between cherry picking the strongest markets and ensuring long-term coherence

HSBC speeds up exit from emerging markets

‘World’s local bank’ plans to become simpler and smaller

Week in Review

Week in Review, April 18

Indian tax, financial fines, global gym deals and Yahoo-Microsoft revise search deal

Struggle at America’s Main Street banks

Bank earnings remain under pressure until Fed lifts rates

Edmund Truell in bid for Quindell arm

Financier in approach for car black box business

Goldman sued over ‘sex discrimination’

Banker claims she was cheated out of millions in bonuses

Too late to disclose Swiss tax?

How can I resolve my father’s bank account situation?

‘Super taper tantrum’ ahead, warns IMF

Fed’s first rate rise risks bond market jolt, says fund official

Politicians’ plans for your wealth

From pensions to property to tax, the key manifesto pledges

Chart that tells a story — inflation, mortgages and house prices

What do ‘noflation’ and rising wages mean for mortgages?

Elliot squares up to Alliance Trust

The bruiser from New York is taking on an unlikely opponent

Santander strikes fund management deal

Bank merges asset management business with UniCredit’s Pioneer

Elkann takes the wheel in PartnerRe bid

Scion of the Agnelli family ready for the corporate limelight

Daniel Stewart warns of Aim delisting

Broker scrambles for nomad replacement for Westhouse

Finance and the rule of law

Elizabeth Warren: anti-finance firebrand with pro-market agenda

Bloomberg suffers global terminal outage

Investors lose use of screens for messaging, viewing prices and scanning for news

China rows back on bank tech rules

Controls favouring domestic over foreign producers to be reviewed

Report alleges ex-CEO’s part in BES collapse

Salgado ‘probably involved’ in manipulating accounts, report says

Jawbone to roll out tap-to-pay service

Tie-up with Amex to enable wireless payments with fitness band

Peter Thiel backs two Berlin start-ups

Investor in deals despite previously dubbing Europe a ‘slacker’

Goldman regains swagger of bygone era

Return on equity of 14.7% was best performance in 18 quarters

Wall Street earnings signal end of malaise

Profits from Goldman and Citi boost hope of cyclical recovery

Goldman Sachs: principles and agent

US investment bank may just be returning to its heritage

Bernanke joins hedge fund in market debut

Former Fed chair starts as Citadel recovers from $1bn trading loss

Mandelson’s mellowing views

Mandelson move; HSBC demotion; Honeymoon chatter; Marsh & Parsons

Blackstone breaks through $300bn barrier

US alternative investment manager reveals scale of fundraising

BlackRock stems active fund outflows

Recovery in investor interest in European markets

Leaner Citigroup beats earnings forecasts

Chief executive Mike Corbat on course to meet two-year targets

Passive bond solutions

Addressing the problem of over-concentration in bonds

Alliance Trust braces as rebels gather strength

Rebels are gaining support ahead of the annual meeting

Tax reprieve for investment bond holders

Tribunal rules in favour of taxpayer who overpaid on withdrawal

US IPOs point to boost in deals demand

Virtu, Etsy, and Party City price at top of their ranges

Global property bubble fears mount

‘Wall of capital’ enters riskier real estate markets

More than 700m leave ‘unbanked’ ranks

Mobile payment platforms boost developing world’s bank accounts

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