Daily Wealth Letter from The Wealth Forums 24 May 2016

Associations, Markets, Reports — By on May 24, 2016 at 12:36 PM
Ian Brodie

Ian Brodie

 

DAILY WEALTH LETTER

 

a daily synopsis of wealth news that’s most relevant, timely and dependable

 

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

 

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NUMBER 217  TUESDAY,  MAY 24,  2016
 

US benefits as Europe wallows

Many leading investors are pulling money out of Europe and placing it in the US, partly due to fears over European security.   READ MORE: https://thewealthforums.com/2016/05/24/us-benefits-as-europe-wallows/#more-3871

Bahrain fund looks abroad

Bahrain’s sovereign wealth fund plans to invest over $400 million this year on international deals as it seeks to further diversify away from domestic assets, said the Chief Executive Officer Mahmood al-Kooheji.  READ MORE: https://thewealthforums.com/2016/05/24/bahrain-fund-looks-abroad/#more-3868

BSI must be dissolved say Swiss

Swiss financial regulators announced on Tuesday (May 24) they have agreed to the takeover and dissolution of Lugano-based BSI Bank, which has been linked to a Malaysian corruption scandal.  READ MORE: https://thewealthforums.com/2016/05/24/bsi-must-be-dissolved-say-swiss/#more-3863

Bank of America wins penalty appeal

A US appeals court threw out a nearly $1.3 billion penalty against Bank of America on Monday, concluding the bank had not committed fraud amid the housing bust. READ MORE: https://thewealthforums.com/2016/05/23/bank-of-america-wins-penalty-appeal/#more-3860

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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