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What crisis? Bankers spend £1m on a kitchen

The world economy is facing recession, thousands of staff in the securities industry are facing redundancy, but some investment bankers are still finding time to worry about spending up to £1m (€1.2m) renovating their kitchen.

While most bankers will feel lucky to get a bonus at all this year, the chief operating officer of one investment bank and head of Asia at another are among a group of wealthy clients who have had their kitchens redesigned by an award-winning British designer who uses what he calls "neuroscience" to create a domestic utopia tailored to their personality.

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