Investors said to pull $10 billion from hedge funds
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…
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Why the 1MDB scandal is set to get BIGGER STILL
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…
What are drones good for? Common commercial applications of drones in agriculture, business and the military
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…
H&M has too much stuff, needs to get rid of it at discount
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…
Here’s why Dow 20,000 is the ‘picture-perfect’ moment Wall Street has been waiting for
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…
We now know how Wall Street banks stack up in dealmaking, and it isn’t even close
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…
Blockchain technologies entered the trough of disillusionment in 2016, but 2017 will be brighter
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…
FAI: A bunch of Bank of America customers lost $1.2 million after putting a big chunk of money in Puerto Rico
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…
The definitive ranking of Wall Street investment banks in every business line
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…
Why The Cayman Islands
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…
