He hath founded it upon the seas
Tuesday, Oct 22, 2019
A world within. A state apart.
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UBS to cut 40 Asia trading, investment banking jobs below VP level
Global banks including UBS, Citigroup, Deutsche Bank and HSBC are cutting staff to rein in costs as the industry deals with difficult trading conditions, sputtering economies and the impact of trade tensions on cross-border deals.
Swiss banks are charging millionaires to store their money
Instead of paying interest on deposits, Swiss banks are starting to charge wealthy customers to stash their cash.
There are more wealthy Chinese than Americans for the first time
For the first time, there are more rich Chinese than Americans in the top 10%.
JPMorgan wants to hire also people with registered criminal record, not only bankers
JPMorgan wants to give people with criminal records a second chance at a good job, as there is no evidence that they are less trustable then bankers anyway.
Jamie Dimon says Libra will never happen, and he wishes he could take JPMorgan private
Jamie Dimon doesn't think Libra, Facebook's embattled cryptocurrency project, will ever get off the ground.
Entrepreneurs' tax break fails to boost investment, finds IFS
Thinktank says low rates of capital gains tax on business income do not encourage them to invest more.
Global renewable power capacity to rise by 50% in five years: IEA
Global renewable energy capacity is set to rise by 50% in five years’ time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Energy Agency (IEA).
Thomson Reuters begins search for new chief executive
The company’s board has hired search firm Spencer Stuart to draw up a shortlist
Global economy projected to grow by about 3 percent this year: IMFC
The global economy is projected to grow by about 3 percent this year, but the pace has continued to weaken since April, according to the International Monetary and Financial Committee, IMFC.
Revealed: Farage’s Brexit Party chairman facing questions over offshore tax haven links
Brexit ‘Bad Boy’ Richard Tice says he doesn’t know who’s behind offshore firms that own a large stake in his family business – MEP calls for ‘urgent’ action.
Leaked documents detail $200 million Vatican deal for swanky London property
“Hundreds of millions of Euro destined for the least and the poor are still administered opaquely and with no transparency, as if the Vatican were a merchant bank in an offshore country,” a new report claims.
IMF vows to use ‘all appropriate tools’ to combat weak global growth
The IMF managing director, Kristalina Georgieva, said the threat from trade wars was a chief point of discussion for finance officials.
The struggling IPO class of 2019 could be facing another wave of selling soon
Lock-up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year.
Where are US fintech’s next billion-dollar startups?
As fintech investments soar to new heights, investors are looking at the bottom and top levels of the services stack to find the next billion-dollar startups.
Galileo Financial raises $77 million for its fintech services that were 19 years in the making – TechCrunch
Clay Wilkes had already been retired for six years when he launched Galileo Financial Services in 2000.
Who will own the future of transportation?
Autonomous vehicles are often painted as a utopian-like technology that will transform parking lots into parks and eliminate traffic fatalities - a number that reached 1.35 million globally in 2018.
Fund managers waiting out high-profile unicorn IPOs after string of flops
A deep disconnect between private market valuations of companies and the prices their shares fetch on the open market is pushing more mutual fund managers to the sidelines during high profile IPOs, anticipating the newly listed stocks wi...
There are 618,000 millennial millionaires in the US - and 44% of them live in 1 state
Here's where today's millennial millionaires are living, according to a 2019 report from the Coldwell Banker Global Luxury and WealthEngine.
The Laundromat: The Panama Papers Movie with Meryl Streep, Gary Oldman
The film is based on the book “The Secrecy World” by Jake Bernstein, senior reporter on the team that broke the Off Shore Corporate (money laundering, hiding, tax evasion) services, started in panama and inherited after the arrest of Man...
Libra co-creator David Marcus: 'There is no shortage of desire and shared mission to join this effort'
The co-creator of Facebook-backed cryptocurrency libra said there is still strong demand from organizations to join the project.
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