Daily Wealth Letter from The Wealth Forums 19 July 2016

Reports — By on July 19, 2016 at 1:49 PM
Richard Moir, The Wealth Forums CEO

Richard Moir, The Wealth Forums CEO

Daily Wealth letter

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

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

NUMBER 256  TUESDAY,  JULY 19,  2016

Italian bank crisis could destroy euro

When other countries such as the UK, Ireland and Spain ran into trouble, they bit the bullet and cleaned up their banks quickly. Italy did not.  READ MORE: http://thewealthforums.com/2016/07/19/italian-bank-crisis-destroy-euro/

B of A revenue plunges thanks to wealth management

Bank of America, the second-biggest US bank by assets, said second-quarter profit fell 21 percent as the firm took an accounting charge and posted a decline in wealth-management revenue.  READ MORE:http://thewealthforums.com/2016/07/19/b-profits-plunge-thanks-wealth-management-revenues/

Surge in UK equity release

Retired UK homeowners cashed in more than £934m of property wealth in the first six months of the year, as a buoyant housing market continued to boost retirement incomes, according to Key Retirement.READ MORE: http://thewealthforums.com/2016/07/19/surge-uk-equity-release/

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

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