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...
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...
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....
