
Sales rep tops global rich list after 'quite a good quarter'
Mike Wager has overtaken the world's richest man to become the wealthiest person alive, following a sales performance that economists are struggling to model.

Mike Wager has overtaken the world's richest man to become the wealthiest person alive, following a sales performance that economists are struggling to model.

Trading was halted at 9:07am. Analysts at three City houses cut their rating to ‘sell’ within the hour, citing "a total loss of confidence in the bank’s controls."

The compensation scheme covers balances up to £85,000 per person.

Premiums for breach cover have doubled since January.