Daily Wealth Letter from The Wealth Forums 21 July 2016

Reports — By on July 21, 2016 at 11:46 AM
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 258  

THURSDAY,  JULY 21,  2016

Unmasking the real Wolf of Wall Street

The U.S. Justice Department is seeking to seize more than $1 billion in assets including real estate, art and proceeds from the “Wolf of Wall Street” movie that it says were illegally acquired with money diverted from the embattled Malaysian development fund known as 1MDB.  READ MORE:http://thewealthforums.com/2016/07/21/unmasking-real-wolf-wall-street/

Too small to play at BoA

Bank of America’s wealth unit is losing financial advisers who cannot meet performance targets because their books of business are too small, Chief Executive Brian Moynihan said. READ MORE:http://thewealthforums.com/2016/07/21/small-play-boa/

Abu Dhabi fund still upbeat on China, India

The Abu Dhabi Investment Authority remains focused on China’s and India’s long-term growth prospects, even after emerging markets were hit last year by a slowing global economy.  READ MORE:http://thewealthforums.com/2016/07/21/abu-dhabi-fund-still-upbeat-china-india/

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

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