12,000 savers face wipeout as Wellesley Finance teeters on the brink

The thousands of savers who entrusted almost £120million of their money to Wellesley Finance could hardly fail to have been impressed by the lineage of its founder, the 8th Earl Cowley, an aristocrat descended from the Duke of Wellington’s brother. But while Graham Wellesley has his illustrious name and his wealth, some of the investors … Read more

12,000 savers face wipeout as Wellesley Finance teeters on the brink

The thousands of savers who entrusted almost £120million of their money to Wellesley Finance could hardly fail to have been impressed by the lineage of its founder, the 8th Earl Cowley, an aristocrat descended from the Duke of Wellington’s brother. But while Graham Wellesley has his illustrious name and his wealth, some of the investors … Read more

ALEX BRUMMER: Scale of economic wipe-out from Covid-19 is horrifying

The scale of the economic wipeout from Covid-19 is truly horrifying.  As the lockdown has spread across the United States, the number of Americans filing jobless claims shot up to 6.65m – almost twice the number of just a week ago, ahead of all forecasts and bringing the two-week total up to 10m people.  On … Read more