Invesco released its seventh Invesco Global Sovereign Asset Management
Study, an annual in-depth report on the complex investment behaviour of sovereign wealth funds and central banks, which this year shows disenchantment with Europe among sovereign investors.
As part of 2019 Budget, India has recently proposed to raise income tax surcharge on wealthy individuals and this is set to spur demand for offshore investments in the high-net-worth (HNW) space.
Anyone who follows the business and financial headlines will be well aware of Sheldon Adelson, the casino magnate who's a force to be reckoned with in the gambling world. His personal wealth is worth a reported $37.3 billion and he is the CEO, chairman and principal shareholder of Las Vegas Sands, the world's largest casino operator.
The excited hyperbole of restructuring announcements can't mask a central reality: from an industry perspective what Deutsche Bank is planning is not that radical and the targeted metrics hardly industry-busting. And is it all coming too late?
The direction of Deutsche Bank's 'BBB' rating will depend on how the bank progresses with its restructuring plan, Fitch Ratings says. The plan shows management's determination to strengthen the bank's business model and address its key weaknesses.