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 306 WEDNESDAY, SEPTEMBER 28, 2016
Commerzbank joins Deutsche Bank in trouble
Commerzbank, the second-biggest bank in Germany, has suspended its dividend and revealed more than 9,000 job losses as it tries to shore up its business in the face of ultra-low interest rates and sagging client activity. READ MORE: http://thewealthforums.com/
Downside of Brexit warning
The UK has moved up in the ratings to seventh place in the World Economic Forum’s (WEF’s) latest global competitiveness report, but the research body warns of ‘a clear downside risk to the UK economy from leaving the EU, with only limited potential for upside, at least in the short term.’ READ MORE:http://thewealthforums.com/
Mumbai India’s richest city
India’s financial capital Mumbai, home to 45,000 millionaires and 28 billionaires, is the wealthiest city in the country with total wealth of $820 billion. According to New World Wealth, Mumbai is followed by Delhi and Bengaluru at the second and third place respectively. READ MORE:http://thewealthforums.com/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.
