What would you do if you woke up one day and discovered that the banksters had “legally” stolen about 80 percent of your life savings? Most people seem to assume that most of the depositors that are getting ripped off in Cyprus are “Russian oligarchs” or “wealthy European tycoons”, but the truth is that they are only just part of the story. As you will see below, there are [...]
The saga of Liu Han—a Sichuan mining billionaire who has gone missing, leaving a trail of uncompleted global financing deals in his wake—illustrates the extreme risks of doing business with Chinese tycoons who may suddenly find themselves out of favor with Beijing.
International commodities companies who had partnered with Liu are scrambling to find out what on earth has happened to him, amid reports by state-owned media that he was detained for protecting his brother [...]
Region home to 3.37 million high net worth individuals compared to 3.35 in North America
However North America held biggest share of wealth at $11.4 trillion compared to Asian $10.7 trillion
The number of millionaires in Asia outnumbered those in North America for the first time last year, latest figures show.
The Asia-Pacific region was home to 3.37 million high net-worth individuals, defined as having at least $1 million to invest, according to the [...]
Intro: After the elections the country is in even deeper chaos, ungovernable. The greek young lady: The politicians have decieved people for many years and we are in deep trouble. The man: In a fallen state, there is a lot of corruption (EU paper:) and criminal energy. Next man: With the correct numbers, Greece would not have been admitted to the Euro. The Greek Politician: Frau Merkel – the austerity [...]
Things are getting hairier than hairy. Two days ago we reported thatBlythe Is Taking Over For Deutsche Bank’s Michele Faissola As Head Of The GFMA, and will also retain her role as Head of Commodities at JPMorgan.
After deeper research and a reader tip, we have uncovered that Michele Faissola is the Vice Chairman of ISDA. Prior to the Blythe’s insertion into the GFMA Chair, effective Feb 1, Michele Faissola was both the [...]