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Keeping Lebanese wealth alive September 12, 2018 The quest of trying to depict the 2018 outlook on investment opportunities from the Lebanese corner reminds in some respects of the almost 20-year old hit comedy on the American mob, Analyze This. As with the Robert de Niro and Billy Crystal pic, any move of international financial markets and any development on the political front might lead to a panic attack. There are double-crossing mobsters hiding in every cabinet and behind every curtain. Plus, everything is complicated. What makes things especially complicated for local investors is that they are threatened on two sides. To revert from Hollywood movie imagery to the rich lore of seafaring Mediterranean peoples, the Lebanese investors’ perennial odyssey on financial markets in 2018 is passing through the narrows between the mythical monsters, Scylla and Charybdis. To one side towers the global markets scenario of volatility and uncertainty like the six-headed mo ....
Allaria: Market outlook for 2021, and why you shouldn t invest accordingly Joe Allaria Wealth Advisor FacebookTwitterEmail Allaria The beginning of every new year causes investment advisors and other financial “experts” to start releasing their market predictions for the upcoming twelve months. Many investors listen and may even adjust their investments accordingly. However, these “expert” predictions are frequently and sometimes drastically wrong. So, before you put too much “stock” into the predictions swirling around about 2021, let’s take a look back at what these market analysts had to say about 2020, and how those predictions turned out. Getting It Wrong on 2020 Outlooks According to a Financial Advisor IQ article, Darrell Cronk, the President of Wells Fargo’s Investment Institute and Chief Investment Officer for the Bank’s Wealth Management Unit, said Wells Fargo did not believe a recession would happen in 2020.1 He also mention ....
Last month, trump sued the manhattan district attorney s office after it sent its long-time accounting firm a grand jury subpoena for tax returns back to 2011. credit suisse s coo resigned yesterday after taking responsibility for spying on the former wealth management chief and it caused severe reputational damage to the bank. we have more from london with the latest. joanna, good to have you with us. what can you tell us about the fallout from the surveillance scandal? huge story here in the financial world. and so a couple of weeks ago, reports emerged that credit suisse, one of the largest banks in the euro zone, had actually hired private detectives to follow around one of their former employees, who used to run the wealth management unit and the detectives were solely, they had one purpose, to make sure that mr. kahn was not having any contact with credit suisse employees. yesterday, the coo of credit suisse resigned taking full responsibility for launching ....
Organization, deutsche bank continued to, and he they remain his largest lender. deutsche bank is also on the hook to tune of hundreds of millions of dollars in fines for their role in russian money laundering schemes in recent years. but according to the times tonight, banking regulators are reviewing hundreds of millions of dollars in loans made to mr. trump s businesses through deutsche bank s private wealth management unit. which caters to an ultra-rich clientele. the times is citing three people on the review not authorized to speak publicly. the regulators want to know if the loan might have exposed the rank to heightened risks. secondly, deutsche bank has been in contact with federal investigators about the trump accounts. they re citing two people briefed on the matter. and the bank is expected to eventually have to provide information to robert mueller. ....