October 21, 2019

Investors said to pull $10 billion from hedge funds

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From Newsmax Jittery investors reportedly have yanked more than $10 billion from hedge funds so far this year, with the bloodshed expected to continue. And the experts expect more redemptions this quarter due to the mix of poor returns and December usually being a month of “elevated” outflows, even during the boom times, according to […]

Why the 1MDB scandal is set to get BIGGER STILL

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From Sarawakreport Investigating the deforestation of Sarawak, Borneo, and the dispossession of its people, journalist Clare Rewcastle Brown followed a trail of corruption that led her to the heart of Malaysian politics and to Prime Minister Najib Razak himself. Determined that the public should know the truth, she started a blog, which became Malaysia’s go-to […]

What are drones good for? Common commercial applications of drones in agriculture, business and the military

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By Divya Joshi From Business Insider Considered to be one of the most resourceful and multipurpose innovations of the century, drones have managed to perforate numerous segments of the global economic sphere. Having uses in fields ranging from filmmaking to farming, drones have managed to capture a major share of the commercial, personal goods, and […]

H&M has too much stuff, needs to get rid of it at discount

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By Mary Beth Quirk From Consumerist As we’ve been reporting for some time now, it’s hard out there for retailers trying to compete for customers. H&M has had a particularly tough time competing in “fast fashion,” what with its late entry into e-commerce and stiff competition from brands like Zara. But what’s bad for H&M […]

Here’s why Dow 20,000 is the ‘picture-perfect’ moment Wall Street has been waiting for

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By Akin Oyedel From Business Insider The Dow Jones Industrial Average finally hit 20,000 for the first time on Wednesday. After two months and several teases — even to19,999.63 earlier in January — the index finally achieved the milestone right as the stock market opened for trading. Like 30th or 40th birthdays, Dow 20,000 matters more than […]

We now know how Wall Street banks stack up in dealmaking, and it isn’t even close

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By Matt Turner From Business Insider The results are in, and, really, it isn’t even that close. JPMorgan finished 2016 in a dominant position when it comes to Wall Street dealmaking revenue, according to figures from Dealogic. The US bank earned the most in fees in global investment banking, US investment banking, and investment banking […]

Blockchain technologies entered the trough of disillusionment in 2016, but 2017 will be brighter

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By Peter Smith From TechCrunch What does 2017 have in store for digital assets and underlying blockchain technology? This is a vital question for those in fintech, especially in light of recent news that Goldman Sachs and Santander left R3 and speculation that bitcoin, the only blockchain protocol in widespread use, is over. Are the […]

FAI: A bunch of Bank of America customers lost $1.2 million after putting a big chunk of money in Puerto Rico

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From Business Insider FA Insights is a regular newsletter from Business Insider that delivers the top news and commentary for financial advisors. The Financial Industry Regulatory Authority said on Wednesday it fined Bank of America Merrill Lynch $7 million for inadequate supervision of client brokerage accounts that used leverage to buy Puerto Rican municipal bonds and […]

The definitive ranking of Wall Street investment banks in every business line

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By Portia Crowe From Business Insider We have new data on how Wall Street banks stack up in every business line, and there is one clear winner. JPMorgan led the pack in the first half of 2016 for revenue across fixed income, equities, and banking, according to data-analytics company Coalition. That bank made $12.5 billion. It […]

Why The Cayman Islands

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From World Trade Fund The Cayman Islands is the one of the most dynamic and sophisticated financial centers in the world, ranking number five directly after New York, London, Tokyo and Hong Kong. The financial services industry in the Cayman Islands is supported by all of the major accounting firms and sophisticated legal profession. Additional […]