Daily Wealth Letter from The Wealth Forums 01 Aug 2016

Reports — By on August 1, 2016 at 4:44 PM
Ian Brodie

Ian Brodie

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 265  MONDAY,  AUGUST 1, 2016

Banks have not mended their ways

The London-based trader whose trading scam cost the Swiss bank UBS £1.5 billion has said banks are still exposed to such frauds because the financial industry has failed to mend its ways.  READ MORE:http://thewealthforums.com/2016/08/01/banks-not-mended-ways/

Australian manager launches Islamic fund

Australian fund manager Crescent Wealth said on Monday it had launched an Islamic property fund in Malaysia alongside KAF Investment Funds Berhad, aiming to tap one of the largest markets for sharia-compliant financial products.  READ MORE: http://thewealthforums.com/2016/08/01/australian-manager-launches-islamic-fund/

Wine boom adds to NZ rich list

The New Zealand wine industry reached new heights this year, posting a record $1.57 billion worth of exports in the year to June, up nearly 10 per cent on the previous year.  READ MORE:http://thewealthforums.com/2016/08/01/wine-boom-adds-nz-rich-list/

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

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