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Unhealthy wealth

Wealth managers are seeing their margins drop to one percent of assets on mass affluent portfolios, according to a report by KPMG Consulting.

Banking & finance - Banks pay price of terrorism

Account registers, suspicious transaction reports, and know your customer rules are expensive - for banks and their customers.

Accounting - Risk management under fire.

Now recession is biting, managers are finding that their much hyped risk management strategies aren't a great deal of use.

Eggy bread

Savings, credit cards, mortgages - internet-based financial services company Egg is all about money. For FD Stracey Cartwright that means acquiring new customers at £25 a head, justifying a marketing spend of £50m to analysts, and, most of all, turning dotcom losses into break-even by the last quarter of the year.

Dirty money can clean you out

The amount of laundering is now so huge - the International Monetary Fund estimates it at between 2% and 5% of world GDP - that thousands of businesses could be harbouring dirty money without realising it.

NEWS IN BRIEF.

Financial directions - US markets waiting for the man.

First-quarter GDP growth and earnings reports in the US weren't good - and markets are still relying on their monthly fix of lower interest rates from Alan Greenspan.

Financial directions - Just one third of mergers create value, says

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