Andrea Orcel, Commerzbank and the redemption trade – Financial Times
Get your free copy of Editor's Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. It's been 17 years since the last major European cross-border banking deal, so it's only natural that the architects of that deal would lead the next one. In 2007, Andrea Orcel was a financial institutions banker […]
Investment Giant Franklin Templeton Building On-Chain Financial Services for Regulated Securities on Solana – The Daily Hodl
Financial services giant Franklin Templeton has announced that it is building a money fund for regulated securities on smart contract platform Solana (SOL). Speaking during a session during the Solana Breakpoint 2024 event, Mike Reed, head of digital asset partnership development at Franklin Templeton, said the investment giant's final step in completing the project is […]
Congress Debuts Bill to Pressure Financial Institutions Not to Fund Chinese Slavery
Sens. Marco Rubio (R-Fla.) and Jeff Merkley (D-Ore.) introduced legislation on Thursday that would require the Treasury Department to use U.S. representatives at international organizations to pressure those organizations not to fund slavery around the world, particularly the Chinese government's genocidal slavery of the Uighur people. The Forced Labor Funding Prohibition Law specifically addresses the […]
Young, rich investors are making 2 key mistakes, says CFP and financial psychologist: They'll 'learn the hard way' – CNBC
If you want to build wealth, traditional investment methods won't get you there — at least according to young, wealthy people. Among 21-43 year olds with at least $3 million in investable assets, only 28% said they could earn above-average returns from stocks and bonds. 2024 Bank of America Private Bank High Net Worth Americans […]
Firms jostle to sell alternative assets to wealthy investors – Financial Times
The race is on to sell unlisted assets to wealthy private investors. Leading custody bank BNY on Monday announced plans for a platform that will make it easier for financial advisers to buy and manage investments across a range of well-known private equity, private debt and infrastructure companies for their clients. This follows three highly […]
Defamation lawsuit against CNN could expose company’s financial secrets as court seeks to expose net worth
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Ohio Gov. Mike DeWine Denies Haitian Migrant Pet-Eating Rumors, Sends Troopers and Financial Aid Anyway
Ohio Governor Mike DeWine (R) trusts Springfield officials that Haitian immigrants are not eating their pets, but he plans to send police officers and millions of dollars in aid to the city due to a migrant surge under the Biden-Harris administration. After former President Donald Trump said During Tuesday night's presidential debate, DeWine alleged that […]
Commerzbank open to tie-up talks after UniCredit takes 9% stake – Financial Times
Get your free copy of Editor's Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. The bank is open to discussions about a possible tie-up with German rival UniCredit, after Italy's Commerzbank said it had taken a 9 percent stake in the bank and was taking regulatory steps to further increase […]
Bank of London’s heavyweight board caught unawares by unpaid tax bill – Financial Times
Stay up to date with free updates Just sign up UK Bank myFT Digest – delivered straight to your inbox. The London bank's board and new management were not aware of the outstanding debt to the U.K. tax authority until HM Revenue and Customs applied to put the holding company into liquidation on Thursday, according […]
Mark Cuban: Harris 'going center 100 percent' on financial policy
Billionaire investor Mark Cuban said VP Harris is “100% centered” on monetary policy, the day after she proposed a lower capital gains tax increase than President Biden. Cuban praised Harris' speech in New Hampshire on Wednesday, where she unveiled a new economic plan focused on promoting small businesses, and described the vice president as “pro-business.” […]