TRENTON, N.J. — Governor Phil Murphy and Lieutenant Governor Tahesha Way announced the release of the Wealth Disparity Task Force’s report Friday, outlining the root … Read more
President-elect Donald Trump’s social media stock rebounded dramatically after a post on Truth Social, reportedly adding a half billion dollars to his net worth. Following … Read more
President Donald Trump is enduring a Stalinist onslaught of lawsuits calculated to bankrupt him and hold show trials designed to imprison him. All of this … Read more
By Lewis Jackson SYDNEY (Reuters) -Australia’s sovereign wealth fund has cautioned against expecting rate cuts in Australia or the U.S. anytime soon after reporting on … Read more
NEW YORK (Reuters) – Morgan Stanley apponted Vince Lumia as the head of a new division overseeing wealth client segments, according to a memo seen … Read more
OSLO (Reuters) – Norway’s $1.5 trillion sovereign wealth fund faces growing obstacles to earning a return on its investments amid persistent inflation, already-high market valuations … Read more
By Xie Yu and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – A growing number of wealth managers in Asia are setting up offices in Dubai, capitalising … Read more
(Reuters) – National Australia Bank said it had agreed to combine its New Zealand wealth advice and asset management unit with that of Jarden Wealth … Read more
By Lananh Nguyen NEW YORK (Reuters) – Bank of America executive Keith Banks, who ran several of its major businesses, will retire at the end … Read more
By Yadarisa Shabong and Elisa Anzolin (Reuters) -Saudi Arabia’s PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels … Read more
ZURICH (Reuters) – Billionaires increased in numbers and overall wealth last year, Swiss bank UBS said on Thursday, with the fortunes inherited by the newly-minted … Read more
By Victoria Klesty and Terje Solsvik OSLO (Reuters) -Norway’s $1.5 trillion sovereign wealth fund, the world’s largest, should include private equity investments in its portfolio, … Read more
SHANGHAI (Reuters) – Beijing police are investigating suspected crimes committed by Zhongzhi Enterprise Group, a leading Chinese wealth manager, according to a social media post … Read more
(Reuters) – Morgan Stanley has named Jed Finn as the head of its wealth management unit, according to an internal memo seen by Reuters on … Read more
SINGAPORE (Reuters) – Malaysia’s biggest lender by assets, Malayan Banking Bhd (Maybank), launched an Islamic wealth management regional offshore hub in Singapore on Monday. “We … Read more
COPENHAGEN (Reuters) – Norway’s sovereign wealth fund on Tuesday said it had agreed to buy a 45% stake in two properties in Boston in a … Read more
By Lewis Jackson SYDNEY (Reuters) – Australia’s financial position will be more precarious and credit rating at risk should the government succumb to the temptation … Read more
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs’ asset management arm hired Gregory Weiss from BlackRock to lead a business that sells managed accounts … Read more
DUBLIN (Reuters) – Ireland detailed on Tuesday how it plans to turn some of Europe’s healthiest public finances into a 100 billion-euro($106 billion) sovereign wealth … Read more
DUBLIN (Reuters) – Ireland detailed on Tuesday how it intends to turn some of the healthiest public finances in Europe into a 100 billion euro … Read more
By Howard Schneider WASHINGTON (Reuters) – The richest Americans are emerging from the coronavirus pandemic with their share of wealth and income on the rise … Read more
SYDNEY (Reuters) – The head of Australia’s A$206 billion ($131 billion) sovereign wealth fund had informed the Australian government he will not seek a third … Read more
BEIJING (Reuters) – Police in southern China have detained some staff at China Evergrande Group’s wealth management unit, suggesting a new investigation that could add … Read more
(Reuters) – Wall Street giant Goldman Sachs has named Monali Vora as its head of wealth investment solutions for asset management, according to an internal … Read more
By Chris Taylor NEW YORK (Reuters) – Even if Yeardley Smith does not ring a bell, you certainly know her iconic voice – of Lisa … Read more
By Gwladys Fouche and Anna Ringstrom OSLO/SHANGHAI (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s biggest investors, is closing its only office … Read more
By Rishav Chatterjee (Reuters) -Standard Chartered said on Monday it was selling its global aviation finance leasing business to Saudi Arabia-based AviLease for about $3.6 … Read more
ARENDAL, Norway (Reuters) – Norway’s sovereign wealth fund has recently reduced its overweight investment position in major tech firms, Chief Executive Nicolai Tangen told a … Read more
ZURICH (Reuters) – Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is projected to rise 38% by … Read more
By Xie Yu HONG KONG (Reuters) – Consolidation within the global wealth management sector will speed up while managers continue to face regulatory challenges, a … Read more
LONDON (Reuters) – The jump in interest rates has wiped more than 2 trillion pounds off household wealth in Britain over the last year due … Read more
OSLO (Reuters) – Norway’s $1.4 trillion sovereign wealth fund has excluded Power Construction Corp of China from its portfolio and placed London-listed Petrofac under observation. … Read more
ZURICH (Reuters) -UBS’s flagship global wealth management business on Thursday announced a raft of management changes triggered by the Swiss bank’s takeover of Credit Suisse. … Read more
Southern States Are Booming As Wealth Flees Democrat-Run Northeast Will Kessler on July 5, 2023 Six states in the south are seeing rapid growth in … Read more
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The endowments of New York City’s pricey private schools are flourishing thanks to a steady inflow of contributions … Read more
Here’s How The Supreme Court Could Shatter Democrats’ Plans For A Wealth Tax Katelynn Richardson on June 23, 2023 The Supreme Court will soon announce … Read more
By Dan Burns (Reuters) – U.S. household wealth climbed to the highest in a year in the first three months of 2023, led by the … Read more
DUBLIN (Reuters) – Ireland could amass a 142 billion euro ($156 billion) sovereign wealth fund by 2035 and cover much of its future age-related costs … Read more
(Reuters) – The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the world’s largest, citing ethical concerns … Read more
By Guy Faulconbridge MOSCOW (Reuters) – Russia’s richest people added $152 billion to their wealth over the past year, buoyed by high prices for natural … Read more
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc’s hiring of Andy Sieg, the incoming head of its wealth management unit, underscores … Read more
SINGAPORE (Reuters) – A private banking industry group in Singapore on Friday denied a media report that the city state had asked global banks to … Read more
HONG KONG (Reuters) – Japanese investment bank Nomura Holdings Inc on Monday said it has appointed Dr. Rudolf Hitsch as head of North Asia for … Read more
Republican Senator Calls Out Socialist Sanders For ‘Hypocrisy’ Over Personal Wealth Jason Cohen on March 29, 2023 Republican Sen. Markwayne Mullin of Oklahoma accused independent … Read more
OSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund, one of the world’s largest investors, will vote in favour of the UniCredit remuneration package, it … Read more
(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the … Read more
By Summer Zhen HONG KONG (Reuters) – Wealth management firms are expanding operations aggressively in Hong Kong to meet pent-up demand from rich Chinese individuals … Read more
SHANGHAI (Reuters) – More than 400 people lost their billionaire status last year, most from China, as global monetary tightening, COVID-19 disruptions and Beijing’s crackdown … Read more
Sydney (Reuters) – Credit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice chairman for Southeast Asia wealth … Read more
By John Revill ZURICH (Reuters) – The fall of Credit Suisse has dealt a serious blow to Switzerland’s credentials as the world’s leading wealth management … Read more