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Citigroup could sell $4B China wealth unit to HSBC
NEWS INDUSTRY NEWS SEP 28, 2023
Citigroup could sell $4B China wealth unit to HSBC

The firms are reportedly in talks as HSBC aims for domination in the region.

Foreign investors dump most Japan stocks since SVB collapse
NEWS INDUSTRY NEWS SEP 28, 2023
Foreign investors dump most Japan stocks since SVB collapse

US interest rates continue to impact foreign equity markets.

Wells Fargo buying Neiman Marcus space in NYC for $550M
NEWS WIREHOUSES SEP 27, 2023
Wells Fargo buying Neiman Marcus space in NYC for $550M

The firm plans to convert the roughly 400,000 square feet of space into offices.

Most Americans have burnt through their pandemic savings
NEWS INDUSTRY NEWS SEP 27, 2023
Most Americans have burnt through their pandemic savings

Only the wealthiest 20% have greater cash savings than pre-Covid.

BlackRock says insurers plan to boost private debt and credit
RETIREMENT LIFE INSURANCE AND ANNUITIES SEP 27, 2023
BlackRock says insurers plan to boost private debt and credit

But the $29 trillion industry will pull back from PE and real estate.

UBS wants court to erase $1.9B asset-hiding fine
NEWS WIREHOUSES SEP 27, 2023
UBS wants court to erase $1.9B asset-hiding fine

The asset manager is appealing its conviction for helping wealthy clients with cross-border cash moves.

70M could become digital nomads in the next few years
NEWS INDUSTRY NEWS SEP 27, 2023
70M could become digital nomads in the next few years

Digital nomad visas are expanding as countries vie for talent.

Morgan Stanley banker to retire after $850B in real estate deals
YOUR PRACTICE PRACTICE MANAGEMENT SEP 27, 2023
Morgan Stanley banker to retire after $850B in real estate deals

Guy Metcalf has been with the Wall Street firm for 33 years.

Billionaire plans $50M auction for rare 1982 Château Petrus
NEWS INDUSTRY NEWS SEP 27, 2023
Billionaire plans $50M auction for rare 1982 Château Petrus

"The market for the rarest and most exclusive bottles remains strong," says Sotheby's executive.

JPMorgan pays $75M to settle US Virgin Islands suit over Epstein ties
NEWS REGULATION AND LEGISLATION SEP 26, 2023
JPMorgan pays $75M to settle US Virgin Islands suit over Epstein ties

The firm also reached a confidential agreement with former executive Jes Staley.