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Daily Wealth Letter from The Wealth Forums

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Richard Moir, The Wealth Forums CEO

Richard Moir, The Wealth Forums CEO

Daily Wealth Letter
a daily synopsis of the wealth news that’s most relevant, timely and dependable

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

NUMBER 349  MONDAY, DECEMBER 5, 2016

Canada’s wealth stagnates

A comprehensive measure of Canada’s national wealth shows it has been stagnant for decades and is too heavily dependent on housing and oil and gas, says a groundbreaking national report by the International Institute for Sustainable Development.  READ MORE: http://thewealthforums.com/2016/12/05/canadas-wealth-stagnates/

Private banking sold to Safra

Bank Hapoalim, Israel’s largest lender, said on Sunday it has entered into a deal for the sale of its international private banking business in Miami to Safra National Bank of New York for around $16.5 million.  READ MORE: http://thewealthforums.com/2016/12/05/private-banking-sold-safra/

Qatar buys San Francisco hotel

The Qatar Investment Authority has bought the St. Regis in San Francisco from Marriott International Inc. for $175 million, which will continue to operate under the Marriott brand, Reuters reports.  READ MORE:http://thewealthforums.com/2016/12/05/qatar-buys-san-francisco-hotel/

 

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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