Friday, October 22, 2021
The recent research conducted by Oxfam International shows that Australia’s Super-Rich increases its wealth by $2M a day. Approximately 70 per cent of the country’s wealth comes from the super-rich while average people survive with a minimum wage. From only...
The world’s most priced SUV wowed attendees of the New York Auto Show, with a whopping price tag of $1.9M. The Karlmann King, an Italian armoured car with a Ford F-550 base and a fully customized interior is the highlight...
Global fintech company FNZ has acquired wealth management software firm JHC, marking the fusion of two of the strongest broking platforms in the UK. This enables FNZ to acquire JHC’s software solutions, namely Figaro, Neon, and Xenon. “JHC has a...
Banking group DBS Bank announced Wednesday, Sept. 18, it plans to bolster its wealth assets under management from S$4 billion to S$8 billion in Thailand by 2023. According to a report from Bangkok Post, the Singapore-based bank’s brokage unit, DBS Vickers,...
Financial markets data provider Refinitiv is deepening its wealth management expansion with the recent acquisition of Scivantage. The London-based company specializes in banks, institutional, and large fintech enterprises, but has a jumpstart on targeting brokerage firms for expansion push....
Millennials, considered as the biggest generation in the United States this year, is also the poorest, according to CBS News. Data shows that people born between 1981 and 1996 hold only 3% of the country’s riches. Baby Boomers had...
United States Senator Bernie Sanders just announced another proposal which he calls “income inequality tax,” which seeks to increase the tax imposed on corporates that perpetuate the wage gap, says The Washington Post. This comes after the announcement of...
Massachusetts Senator Elizabeth Warren recently called for an annual tax for Americans with $50 million wealth and above. She said in an interview with MSNBC that ‘Wealth Tax’ can ‘help build opportunity for the rest of America.’ The proposed tax...
According to the Korean Institute for Health and Social Affairs, wealth or financial capability was found most important for Korean women ages 20 to 44. The survey has a total of 1,140 respondents, both unmarried men and women. While 92.7%...
The Public Investment Fund (PIF) of Saudi Arabia recently bought shares from a joint venture (JV) from Aramco and Jacobs Engineering Group Inc. Bloomberg reported that the sovereign wealth fund now owns significant shares in the JV from the...

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