DAILY WEALTH LETTER
a daily synopsis of wealth news that’s most relevant, timely and dependable
Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)
NUMBER 217 TUESDAY, MAY 24, 2016
US benefits as Europe wallows
Many leading investors are pulling money out of Europe and placing it in the US, partly due to fears over European security. READ MORE: https://thewealthforums.com/
Bahrain fund looks abroad
Bahrain’s sovereign wealth fund plans to invest over $400 million this year on international deals as it seeks to further diversify away from domestic assets, said the Chief Executive Officer Mahmood al-Kooheji. READ MORE: https://thewealthforums.com/
BSI must be dissolved say Swiss
Swiss financial regulators announced on Tuesday (May 24) they have agreed to the takeover and dissolution of Lugano-based BSI Bank, which has been linked to a Malaysian corruption scandal. READ MORE: https://thewealthforums.com/
Bank of America wins penalty appeal
A US appeals court threw out a nearly $1.3 billion penalty against Bank of America on Monday, concluding the bank had not committed fraud amid the housing bust. READ MORE: https://thewealthforums.com/
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