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...decision making. The number of UBS customers closing their accounts is on the rise. Panagiotis Spiliopoulos, head of investment banking research at Switzerland's Vontobel bank, estimates that $15-20 billion in domestic funds were moved from UBS to smaller banks in recent months. In normal times, one bank expert says, withdrawals would be next to nothing. "We are fed up because UBS has betrayed all the values that make us uniquely Swiss: fiscal responsibility, stability and international credibility," says Samuel Bretholz, a Geneva sociology student who is writing a thesis about the banks' impact on society. "No wonder...
Many years later, Orman is the most recognizable personal-finance expert in the world, but she didn't get there on her own. The individual she refers to as "my K.T.," a.k.a. Kathy Travis, a 56-year-old former advertising executive and Orman's life partner, was key to her transformation into a financial self-help juggernaut. The two met when Travis moved to California after working for Ogilvy & Mather in Hong Kong. When they were introduced at a dinner party eight years ago, Travis explained that her expertise was in building brands, and Orman asked, "What...
...head, there’s hardly another venue in the Square better suited for this kind of show. Veritas Records CEO Caitlin V. Crump ’10 kicked things off by explaining the prizes and the grading system that would be used by the judges—an expert panel of roommates, a former head of Veritas Records, and some guy from MIT. Each band would be “graded based on sound, performance, and lastly but certainly not least, crowd reaction.” And with that she introduced the first band, Elephantom, who drew...
...Harvard Design School Professor Richard Peiser, an expert on real estate development, said that while Harvard’s slowdown in Allston might initially discourage investment in the neighborhood, the University’s presence will have a positive impact on property value and the attractiveness of Allston in the long run. He added that many of the vacant properties were designed for industrial and office use, making them difficult to sell on the retail market...
...model solution for restoring confidence, with several E.U. states following suit. But five months down the line, and with Ireland's public purse tightening, the government's promise is looking harder to keep and a run on the banks ever more likely. According to Ray Kinsella, an expert in financial institutions based at University College Dublin, a run on Irish lenders might still happen if the banking crisis continues. "Unless we get a handle on this, then all bets are off. That's the train on the horizon that's coming toward us. You reach a point where giving guarantees...