Wealth managers at Swiss bank Credit Suisse have advised their high-net worthy clients to think about moving assets out of the U.K. due to the uncertainty surrounding Brexit, reports by Financial Times. The FT reported on Tuesday that clients with a net worth of at least $30 million, known as ultra- high net worth individuals (UNHWI), were advised they might “accelerate” plans to move their investments out of London before Prime Minister Theresa May’s upcoming vote in Parliament in the third week of January. U.K. lawmakers were initially scheduled to have their say on the terms of Britain’s withdrawal from...
Malaysia files criminal charges against Goldman Sachs in 1MDB probe
Goldman Sachs has been under scrutiny for its role in helping raise funds through bond offerings for 1Malaysia Development Bhd (1MDB), which is the subject of investigations in at least six countries. Malaysia’s Attorney General Tommy Thomas said criminal charges under the country’s securities laws were filed on Monday against Goldman Sachs, its former bankers Tim Leissner and Roger Ng, former 1MDB employee Jasmine Loo and financier Jho Low in connection with the bond offerings.
Stocks making the biggest moves premarket: BA, GOOGL, AMZN, GS, PCG & more
Check out the companies making headlines before the bell: Boeing, Embraer, HCA, Humana, UnitedHealth, Best Buy, PG & E ,Stanley Black &Decker, Goldman Sachs, Sherwin- Williams, Lululemon, ABB, EQT, Amazon.com, Alphabet, Bristol-Myers Squibb, Jack In The Box
European markets slips as fears of global growth slowdown rumbles on!
European stocks traded lower Monday morning, amid escalating concerns of a sharp slowdown in global growth. In terms of stocks, retail was down the most, by more than 1 percent. UK retail stocks are making heavy losses on Monday. Meanwhile, basic resources found itself at the top of the best performing stocks, up 0.8 percent. Market focus is largely attuned to concerns surrounding cooling global growth after soft economic data from China and Europe in the last week added further concerns. On Friday, China reported weaker-than-expected retail sales data, growing at its weakest pace since November 2003. Stocks in Asia...