Benign short-term prospects for the global economy should not disguise the problems in store caused by the recent build-up in sovereign borrowing, according to Indosuez Wealth Management’s research head.
Four other big lenders Agricultural Bank of China, Bank of Communications, Construction Bank of China and Bank of China have gotten the nod for the business in the past two months.
China’s Hurun Research Institute came out with the list ranking India’s top philanthropists who have donated Rs 10 crores or more between October 1, 2017 and September 30, 2018.
When the Bloomberg Billionaires Index began in 2012 with a list of the world’s 40 richest people, three were self-made and under the age of 40: Google founders Sergey Brin and Larry Page and Facebook Inc.’s Mark Zuckerberg.
Such predictions were the reason private banks piled into Hong Kong and Singapore through the 2000s, opening offices where they didn’t have them, shipping bankers out of Europe and the US, and hiring in droves.