Culture
Wealth firms are preparing richest Australians for pension tax fallout
A looming pensions tax on rich Australians is sparking a flurry of behind-the-scenes planning by the nation’s wealth managers, who say…
Tag
wealth
Business
Are sovereign wealth funds dumping Israeli investments?
The Norwegian government on Tuesday said it would review its sovereign wealth fund’s investment in Israel after the Scandinavian country’s…
Culture
Apollo draws US$61 billion in record quarter, but less from wealth
Apollo Capital Management reported record earnings from fees in the second quarter, driven by a boost in lending activity and a bump in…
World
What We Miss When We Talk About the Racial Wealth Gap
His reluctance to treat family structure as a causal factor is similarly puzzling. He notes that married Black households have an average…
Fashion
Dripping in Wealth Is the Vibe—These 32 Elevated Nordstrom and Zara Summer Finds Fit the Bill Perfectly
I know that fall is on the horizon, but the summer fashion offerings are so good right now, it's just so hard to look away. Two retailers…
Culture
HSBC expands UK wealth bet in race to £100 billion asset goal
HSBC Holdings is ramping up growth plans for its UK wealth-management operations as Europe’s largest bank seeks to double the assets it…
Culture
Wealth fund KIA said to be seller of HK$26.8 billion AIA stake
The Kuwait Investment Authority (KIA) was the undisclosed shareholder behind the HK$26.8 billion (S$4.3 billion) sale of a stake in…
Culture
South Korea wealth fund to boost bets on AI startups, eyes China tech
South Korea’s sovereign wealth fund plans to increase allocations to tech startups and venture capital funds (VCs) as part of its broader…
Business
HSBC names new APAC wealth planning head
HSBC Global Private Banking (HSBC GPB) has announced the appointment of Ann Ling as regional head of wealth planning and advisory for Asia…
Culture
HSBC private banking arm names new Apac head of wealth planning
Ann Ling brings more than two decades of financial services experience to the role, which she will assume on Jul 1 HSBC Global Private…
Culture
DBS, CapitaLand and more: Singapore’s long term wealth creation set to boost local stocks, says Morgan Stanley
As Singapore reaches its 60th birthday, Morgan Stanley said the city-state is “primed for wealth creation”. That could unlock real gains…
Culture
China’s wealth fund pulls plug on US$1 billion private equity sale
China’s sovereign wealth fund has pulled its planned sale of US$1 billion in US fund stakes tied to some of the biggest names in private…
News
Watch TNR’s Livestream on America’s Wealth Gap
On Tuesday, June 24, The New Republic hosted a special live event: “Where the Money Is: America’s Obscene Wealth Gap,” a conversation…
Culture
Indonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets…
Culture
HSBC names new head of wealth and premier solutions for Singapore
HSBC announced on Friday (Jun 20) that it has appointed Ishan Sarkar as the bank’s new head of wealth and premier solutions (WPS). He will…
News
The Obscene Wealth Issue
Earlier this year, I learned that Elon Musk, Jeff Bezos, and Mark Zuckerberg were all now worth something well north of $200 billion. The…
News
QUIZ: How Much Do You Know About Wealth and Inequality in America?
The New Republic recently commissioned a poll asking Americans for their opinions on wealth distribution in the United States. In short,…
News
The TNR Wealth Poll: Americans Say Spread the Dough
The demographic breakdown on these questions is revealing, particularly when it comes to partisan affiliation: 56 percent of Republicans…
Culture
Nomura to shut branch in China as it scales back wealth business
The closure comes four years after Nomura announced the opening of the office in late 2021, when it was pushing to expand in areas that…
Culture
Indonesia sovereign wealth fund interested in Grab-GoTo deal: Bloomberg
Indonesia’s sovereign wealth fund Danantara is considering a stake in the Grab acquisition of GoTo for US$7 billion, reported Bloomberg.…
Fashion
These 28 On-Sale Nordstrom Shoes Are the Key to Exuding South of France Wealth This Summer
If you've ever dreamed of capturing that effortlessly chic, quietly luxurious style that French women seem to master from birth—think…
Culture
Asian banks see big boost to wealth business as currencies rally
A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to US…
Culture
Push to allow Norway's wealth fund to invest in defence companies falters
Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be…
Culture
iFast receives MAS trust business licence, enhances wealth management capabilities
iFast Corp announced on Friday (May 2) that its global trust, a Singapore-incorporated entity within the group, has been granted a trust…