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 causes of economic disparities affecting…
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 a 42% drop since Wednesday’s…
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 would have seemed unfathomable just…
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 Tuesday a rebound in its…
NEW YORK (Reuters) – Morgan Stanley apponted Vince Lumia as the head of a new division overseeing wealth client segments, according to a memo seen by Reuters. In the memo,…
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 and geopolitical tension, its CEO…
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 on warming diplomatic ties between…
(Reuters) – National Australia Bank said it had agreed to combine its New Zealand wealth advice and asset management unit with that of Jarden Wealth and Asset Management, forming a…
By Lananh Nguyen NEW YORK (Reuters) – Bank of America executive Keith Banks, who ran several of its major businesses, will retire at the end of February after more than…
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 and help to support its…
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 super-rich exceeding cash generated by…
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, allocating up to $70 billion,…
SHANGHAI (Reuters) – Beijing police are investigating suspected crimes committed by Zhongzhi Enterprise Group, a leading Chinese wealth manager, according to a social media post published by the Chaoyang Public…
(Reuters) – Morgan Stanley has named Jed Finn as the head of its wealth management unit, according to an internal memo seen by Reuters on Monday. Finn, currently the chief…
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 have chosen Singapore as our…
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 joint venture with U.S. based…
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 to spend the sovereign wealth…
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs’ asset management arm hired Gregory Weiss from BlackRock to lead a business that sells managed accounts and index products to wealth…
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 fund to ease future healthcare,…
DUBLIN (Reuters) – Ireland detailed on Tuesday how it intends to turn some of the healthiest public finances in Europe into a 100 billion euro sovereign wealth fund to ease…
By Howard Schneider WASHINGTON (Reuters) – The richest Americans are emerging from the coronavirus pandemic with their share of wealth and income on the rise again despite some thought that…
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 term, Treasurer Jim Chalmers said…
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 to the property giant’s woes.…
(Reuters) – Wall Street giant Goldman Sachs has named Monali Vora as its head of wealth investment solutions for asset management, according to an internal memo seen by Reuters on…
By Chris Taylor NEW YORK (Reuters) – Even if Yeardley Smith does not ring a bell, you certainly know her iconic voice – of Lisa Simpson, the middle child and…