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Wells Fargo seeks investment firm licence from French regulator as part of Brexit strategyWells Fargo & Co. said Tuesday it is seeking an investment firm licence from the French regulator as part of its Brexit strategy. "With Brexit on the horizon, Wells Fargo is committed to providing a transition, which is as seamless as possible, for its markets and investment banking customers within the European Union (EU) and European Economic Area (EEA)," said Alicia Reyes, head of Wells Fargo Securities in Europe, Middle East and Africa. The U.K. decision to leave the European Union is forcing non-U.K. bank to relocate some of their operations to countries that are still in the E.U. as they can no longer have a single licence to operate across the trading block from a U.K. base. The bank said it will make further announcements on its Brexit strategy in the near future. Shares were slightly lower premarket and have fallen 12.3% in 2018, while the S&P 500 has gained 2.9%.
Source: MarketWatch - 🏆 3. / 97 Read more »
Berkshire's new fintech investments fit into a classic Buffett strategy — bet on an entire industryBerkshire Hathaway's recent early-stage fintech investments fit into Warren Buffett's longtime strategy of betting on an entire industry at once.
Source: CNBC - 🏆 12. / 72 Read more »
Ray Dalio says this investment strategy can help you weather a financial crisisHere's the breakdown of his 'all-weather' asset allocation strategy. Ray should create an ETF for it. I’d pay 40 basis points in fees for it. RayDalio I’m loving him as a author as well. We need more Dalio Ray is right, but I guess it depends on the mendate of your portfolio , even some high equity funds can weather the storm by just understanding the prevailing market regime and adjusting their portfolios accordingly.
Source: CNBC - 🏆 12. / 72 Read more »
How to develop (and stick with) your 2019 investment strategyCNN News, delivered. Select from our newsletters below and enter your email to subscribe. Ambazonia Why do the democrats want people to be broke d!ck and live off the government? Oh power and control 😡
Source: CNN - 🏆 4. / 95 Read more »