London is confirmed in first place for the second time in a row in the 2016 edition of the study "Cities of Opportunity" PwC, analysis that focuses on the 30 largest global financial centers. Singapore is ranked second, followed by Toronto, while Paris and Amsterdam completed the top five.
Fundraising is doing well for Hillary Clinton: the Democratic candidate for the White House has raised $ 143 million in August, more than 50% compared to July, and to what, four years ago, Barack Obama had collected. The average size of donations were $ 50 each (less than 56 supporters of his rival, Donald Trump).
Robby Mook said he was very pleased with the amount raised in August. The exponent of the campaign manager of the Donkey Party said about it: "thanks to the 2.3 million people who have donated, we are approaching the race for the White House to the last two months with sufficient resources to organize and mobilize millions of voters across the nation. "
Barclays completed the sale of the Italian retail branches to CheBanca !, controlled by Mediobanca. With this, CheBanca! double in size and exceeds the 20 billion in total deposits, taking a further step in the development process and in strengthening the asset management of the Italian families; thanks to the acquisition, it’s realized significant increase in the number of customers (+ 38% to 800 thousand), assets under management (+ 74% to € 6.8 billion), direct deposits (+ 27% to € 13.6 billion) and mortgage loans (+ 50% to € 7.5 billion).
Negative rates on current accounts are making new fans: after the example of Raiffeisen Gmund, even the Royal Bank of Scotland, under pressure to the expansionary monetary policy of the Bank of England, will impose rates below zero on some types deposit.
From today, some large customers of the investment banking division will no longer maintain free cash as collateral in their accounts: a move that will result in a withdrawal for about 70 customers of the bank, owned by the British state for 73%. No change, at present, fot other accounts, personal and business.
The Swiss believe that Brexit will have positive consequences for their country, according to the gfs.berne Institute who analyzed 2016 barometer of the concerns of Credit Suisse. The majority of the population considers, in fact, that Switzerland’s position will be strengthened.
"The citizens are perfectly aware that Brexit will have on Switzerland" economic and political consequences, he said in a statement Lukas Golder, co-director of gfs.berne.
Joseph Stiglitz, Nobel prize winner in 2001, thinks that neoliberalism is coming to an end, or better, is dead.
And, after having explained to the Financial Times the proposal to divide the eurozone ousting Germany and Greece, the economist explained to Business Insider as the time of liberalism is just about up. This recipe, for so long defined as the best way to stimulate economic growth, enjoyed its golden age in the United States with former Presidents Ronald Reagan and Bill Clinton, and, in the UK, with former British Prime Minister Margaret Thatcher.
Natural disasters and those caused by man have recorded 6,000 deaths worldwide and caused damage amounting to 71 billion dollars in the first half 2016: 36% more than the previous year. These are the results of the Sigma study released today by the Swiss insurance group Swiss Re.
Only natural disasters have caused damage to 68 billion dollars, an increase of 48% compared to 2015. The figure is still well below the average of the last 10 years, which amounted to $ 102 billion while the number of deaths falling.
In Switzerland, one in four people between those entitled to social support, resigns. This was revealed by a study of the High Bernese specialized school reported in the Rsi. The phenomenon, which also affects the Ticino, does not necessarily translate into savings for cantonal cashes.
