Ian Brodie
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 251 TUESDAY, JULY 12, 2016
Osborne got HSBC off criminal charges
The US government decided not to pursue criminal charges against HSBC for allowing terrorists and drug dealers to launder millions of dollars after George Osborne and the UK banking regulator intervened to warn that prosecuting Britain’s biggest bank could lead to a “global financial disaster”. READ MORE:http://thewealthforums.com/
More Chinese seek foreign investments
According to a report from China Industrial Bank and The Boston Consulting Group on Chinese private banking development in 2016, despite the slowing Chinese economic growth, the wealth of high net worth individuals is rising steadily. READ MORE: http://thewealthforums.com/
Credit Suisse closes Russian unit
Swiss multinational bank Credit Suisse has announced plans to shut down its private banking unit in Russia and redirect client accounts to Switzerland, according to Forbes Russia. READ MORE:http://thewealthforums.com/
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