Friday, February 26, 2021
China-based TikTok parent company ByteDance is set to move back into the Hong Kong market as its trademark registration documents show that the firm is gearing up to enter the online stock brokerage and wealth management market, reports Reuters. The...
In an attempt to revamp its wealth management business, banking giant JPMorgan Chase & Co. is set to put their several divisions together to form a new unit that will focus on advising clients with up to $10 million...
The UK’s flower industry is in full bloom with the revenue of £121M, according to the Department for Environment, Food and Rural Affairs. One of the reasons for this increase is the decline of imported steams, which add to the...
Global investment banking leader Goldman Sachs Group Inc. names two co-heads for global private wealth management, to intensify revenue streams. John Mallory and Meena Flynn were put in the spotlight, leading the bank’s initiative to diversify its profits beyond existing...
Americans can save a total of $5,339.35 per year on average by cutting down unnecessary expenses, a new report said. Purchasing non-essential things such as coffee breaks, clothing, eating out, entertainment, alcohol, and ride shares can cost Americans as high...
Billionaire Steven Schonfeld sets a new record of buying the priciest estate in Florida, a 6-acre Palm Beach mansion worth $111 million. The founder of the Schonfeld Strategic Advisors bought the mansion for wife and three kids as their vacation...
Anti-poverty group Oxfam publishes a report citing how steep the income inequality has been at the time of the pandemic, with billionaires’ combined wealth could save the world from falling into poverty. According to the report, the collective wealth of...
American multinational investment bank Morgan Stanley plans to add 30 to 35 private bankers this year at Hong Kong and Singapore wealth units. The bank cites Asia expansion as part of its growth strategies for this year. According to...
The New York Times reports that Senator Elizabeth Warren is slated to propose a plan, aiming to enforce a yearly tax on America’s wealthiest families. With 75,000 households covered by this plan, Democrats intend to set a more even...
Canadian multinational bank, Bank of Nova Scotia (operating as Scotiabank), recently announced that a Global Wealth Management business line is in the works, according to the press release published by Cision Canada. This new business line will be launched...

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