Commercial, retail, institutional, corporate banking incomes up in 2018; private banking earnings fall
“The survey results indicate that a global recession is expected in the first half of 2020, with two further rate hikes from the US Federal Reserve in the pipeline,” LGT said in a statement.
The biggest gains in wealth last year came in the areas of technology, media and telecoms, followed by real estate and other investments, manufacturing and retailing.
Nevertheless, with intentional estate planning, the founder wields the power to determine how useful and efficient the tool remains well beyond his lifetime.
While making their fortunes was about setting and achieving career or entrepreneurial goals in areas they know well, managing their wealth may not be a familiar territory or a particularly intriguing prospect.
Investor worries about the poor shape of the global economy have been put to one side as the news that the Fed was not so minded to tighten monetary policy, the US government was back to work, and the US and Chinese might not have a trade war after all.
IRESS chief executive, Andrew Walsh, said the fintech’s strong financial results reflected its continued focus on sustainable growth and scale.
As trade opportunities between Vietnam and Dubai are abundant, SAPA Thale Group and Dubai FDI are keen to explore projects in Vietnam and UAE, said the company.