Tag: Wealth Management

Betting on the post-pandemic boom? Bank of America has 17 stock recommendations

Here’s one possible all-clear signal. COVID-19 is no longer a “tail risk” for investors, the first time since February 2020, says Bank of America in...

16-Year-Old Interns in Singapore Are Managing Billion-Dollar Portfolios. Here’s Why.

In an interesting move, hedge funds in the Southeast Asian city-state are reportedly training local teenagers to manage the wealth of billionaires. Grow Your Business,...

Now Is a Good Time to Explore How to Grow Your Wealth

How to invest in securities, real estate, and more. Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and...

Credit Suisse fired a banker who forged a wealth-management client’s documents and cost the firm $11 million, a new report says

Reuters Credit Suisse found that a banker drove a loss of roughly 10 million francs ($11 million) after forging documentation for an African wealth-management client,...

Gold has ‘no role’ in portfolio of wealth clients, says Goldman manager

Don’t believe the hype. That’s the message from Sharmin Mossavar-Rahmani, chief investment officer of private wealth management at Goldman Sachs, who thinks that gold is...

Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic

(Reuters) – The heavyweight technology and growth stocks that drove Wall Street higher in recent years are again fueling a surge that has taken the...

Regulator asks for Credit Suisse directors’ mobile data in spy inquiry: sources

FRANKFURT/ZURICH (Reuters) – Swiss regulators have requested electronic messaging data from the mobile phones of several Credit Suisse managers and supervisory board directors as part...

U.S. funds rush to tech companies and battered energy stocks in first-quarter

BOSTON/NEW YORK (Reuters) – Prominent U.S. fund managers piled into big-name technology stocks and bottom-fished in the beaten-down energy sector as markets reeled from the...

Potbelly settlement with activists includes twist: stock, not cash, for outlays

BOSTON (Reuters) – Sandwich maker Potbelly Corp on Monday promised to reimburse activist shareholders’ expenses with stock not cash, creating a situation that lawyers call...

BNP Paribas says revenue resilient despite equity trading hit

PARIS (Reuters) – BNP Paribas’ profit fell by a third in the first quarter, as the coronavirus crisis hit equity trading and prompted the euro...

Exclusive: Investors to challenge Neiman Marcus bankruptcy loan, push for sale – sources

(Reuters) – An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point LLC plans to challenge a...

AT&T denies investors a dial-in as annual meeting goes online

BOSTON (Reuters) – Activist investors say telecommunications pioneer AT&T Inc will not take their calls for its upcoming annual meeting, reinforcing their concerns that the...

Starboard launches proxy fight at Commvault, nominates six to board

BOSTON (Reuters) – Starboard Value has nominated six directors to the board at Commvault, setting the stage for a second battle in two years between...

Amazon wins trademark case in boost for online retailers vs luxury firms

BRUSSELS (Reuters) – Amazon is not liable for unknowingly stocking goods for third-party sellers that infringe trademarks, Europe’s top court said on Thursday, handing online...