Word: arming
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...Switzerland?and the bank has plans to hire 100 more this year. Bank Julius Baer, the venerable Swiss private bank, has similarly high expectations. "We're trying to position Singapore as a second leg [after Zurich] to our operation," says Thomas Meier, head of the company's private-banking arm in Asia. Says Didier von Daeniken, head of private banking for Credit Suisse in Southeast Asia: "The [Singapore] government is the smartest on earth in terms of promoting the place as a center for private banking...
...punishable by a fine of up to $78,000 and a prison sentence of three years, significantly more draconian than Switzerland's maximum punishment. "You're given an extra measure of confidentiality in Singapore," says Leslie Menkes, a Singapore-based managing director for Morgan Stanley's private-banking arm...
...return hedge-fund portfolio, investing in emerging-markets property or establishing a charitable foundation. "The profitability comes in because the client has many different relationships with the bank in terms of private equity, real estate, trusts and stockbroking," explains Deepak Sharma, chief executive of Citigroup's global wealth-management arm for Asia and the Middle East. "This relationship is very deep and very broad." It can also be very close-knit, going beyond the nuts and bolts of standard personal finance. Citigroup Private Bank and UBS host wealth-management training sessions for the sons and daughters of their clients...
...censure, older teenagers, jellyfish, locker rooms, boomerangs, popular girls," and most of all, "my parents." When he wasn't afraid, Franzen was embarrassed. Here's another list citing reasons why the boy Franzen wasn't popular. "I had a large vocabulary, a giddily squeaking voice, horn-rimmed glasses, poor arm strength, too-obvious approval from my teachers, irresistible urges to shout unfunny puns, a near eidetic acquaintance with J.R.R. Tolkien, a big chemistry lab in my basement, a penchant for intimately insulting any unfamiliar girl unwise enough to speak...
...were brand new posters of Hizballah Secretary-General Hassan Nasrallah, his cherubic face twice its normal size on the flyers. "A Divine Victory," they said. Refugees said they had received them from Hizballah-run schools where many of them stayed, after having received money from Hizballah's social services arm to help them rebuild in the south...