Wednesday, July 28, 2021
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) has launched a new company that will expand the security sector in the Kingdom. Driving more job opportunities to transform the economy of the kingdom, the National Security Services Co....
Wealth management group Credit Suisse announced Tuesday, December 15, 2020, its plans to increase its profits within the next three years by at least a 10 percent growth. According to Reuters, the decision comes after the company struggled with...
Following the successful and massive Airbnb initial public offering (IPO), its chief executive officer Brian Chesky is now said to be valued well over $11 billion, reports Fortune. This comes after the CEO sold 517,241 shares valued at $68...
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...
The United States’ regulators at the Office of the Comptroller of the Currency (OCC) revealed that JPMorgan Chase has a pattern of misconduct in its asset and wealth management division. In addition to the weak control framework and wealth management,...
Following a successful preliminary trial data of COVID-19 vaccine by Moderna, the U.S. stocks jumped to a 30,000 record, indicating a long haul investing. Drugmaker Moderna announced the vaccine proved to be 94.5 percent effective, enticing more investors to inject...
Miami-based startup Reef Technology, formerly ParkJockey, received massive attention from giant investors like SoftBank and Mubadala Corp., raising a total of $700 million. The company which provides hardware, software, and management services for parking lots, expanded to other ventures including...
Wealth management firm Hub24 has entered a multimillion bid to acquire finance advisory company Xplore Wealth, injecting $60M as capital. The acquisition consists of a mix of cash and Hub24 scrip, as Xplore Wealth values $15 billion. It’s a leading...
In a joint statement on Tuesday, October 20, 2020, SK Hynix and Intel announced that the latter would be selling its NAND flash memory business to SK Hynix. The deal is valued at a massive $9 billion all-cash deal....
A study by the Union Bank of Switzerland (UBS) and PricewaterhouseCoopers (PwC) revealed that the total wealth owned by the world’s billionaires has spiked from $8 trillion in April to $10.2 trillion in July, reported CNBC. According to the study,...

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