Daily Wealth Letter from The Wealth Forums 25 Nov. 2016

Reports — By on November 25, 2016 at 2:19 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 343  FRIDAY, NOVEMBER 25, 2016

World’s oldest bank in cash call

The world’s oldest bank has won approval from its shareholders to raise €5 billion (£4.25 billion), its third cash call in as many years, as it battles to get out from under its toxic loans, the UK’s Daily Telegraph reports.  READ MORE: http://thewealthforums.com/2016/11/25/worlds-oldest-bank-new-cash-call/

NZ conference examines SWF options

The International Forum of Sovereign Wealth Funds (IFSWF) held its Eighth Annual Conference in Auckland, New Zealand in early November, which addressed issues of how sovereign wealth funds SWFs could ensure high enough returns in a low growth, low-interest rate environment and how climate change initiatives would impact investment opportunities.  READ MORE: http://thewealthforums.com/2016/11/25/nz-conference-examines-swf-options/

Pakistanis outstrip Indians

The average Pakistani adult is 20 percent richer than an average Indian adult and the median wealth of a Pakistani adult is 120 percent higher than that of his or her Indian counterpart, according to Credit Suisse Wealth Report 2016.  READ MORE: http://thewealthforums.com/2016/11/25/pakistanis-outstrip-indians/

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

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