Articles for Financial Assets

Are you ultra-rich, rich or merely affluent? It makes a big difference for your bank
1 week ago

Are you ultra-rich, rich or merely affluent? It makes a big difference for your bank

Live Mint  

Scale is crucial in the wealth-management business, but it needs to be the right kind of scale. Its American wealth business, which now amounts to $4.6 trillion in client assets, is so large that it yields a 29% pretax profit margin, according to estimates by Anke Reingen at RBC Capital Markets. Meanwhile, the U.S. wealth arm of its main global …

Wealth Assets Bank Net Worth Rich Big Ubs
Thirty Seven Horses Under PMLA: A Peculiar Intersection Of Law, Luxury, And Financial Crimes
1 week, 6 days ago

Thirty Seven Horses Under PMLA: A Peculiar Intersection Of Law, Luxury, And Financial Crimes

Live Law  

When discussing the Prevention of Money Laundering Act, 2002, we often think of freezing bank accounts, attaching properties, or seizing luxury vehicles. This case not only highlights the peculiarities of luxury assets but also underlines the flexibility of legal frameworks like the PMLA in addressing the challenges of money laundering in India. The Context: How Horses Came Under PMLA's Radar …

Law Animals India Luxury Horses Legal Financial
Navigating Intersection Of Anti-Money Laundering And Recovery Laws: The Imperative For Collaboration And Cooperation
2 weeks ago

Navigating Intersection Of Anti-Money Laundering And Recovery Laws: The Imperative For Collaboration And Cooperation

Live Law  

The legislative efforts to combat money laundering activities in the country and the legislative measures to deal with the recovery of nonperforming assets in the Banking sector without the intervention of courts of law coincided in the same year with the passage of two special Acts in the year 2002. An Act to regulate securitisation and reconstruction of financial assets …

Properties Recovery Money Laundering Money Enforcement Financial Institutions Bank
Taiwanese mostly happy to keep capital at home despite China tensions, says Cathay executive
1 month, 1 week ago

Taiwanese mostly happy to keep capital at home despite China tensions, says Cathay executive

Hindustan Times  

* Taiwanese mostly happy to keep capital at home despite China tensions, says Cathay executive Taiwan markets seen in a state of 'precarious balance' * Cathay Financial private banking to expand headcount by up to 10% next year * Aims to catch up with UBS in Taiwan private banking in 5 years By Faith Hung TAIPEI, - Taiwan's ultra wealthy …

China Financial Taiwan Taiwanese Tsmc Cathay Cathay Financial
Indian households build USD 9.7 trillion wealth in a decade, driving economic shifts: Morgan Stanley
1 month, 1 week ago

Indian households build USD 9.7 trillion wealth in a decade, driving economic shifts: Morgan Stanley

India TV News  

Indian households have accumulated USD 9.7 trillion in wealth over the last 10 years, according to a new report from Morgan Stanley. Wealth accumulation and economic change The Morgan Stanley report revealed a decade of accumulated wealth among Indian households, totaling USD 9.7 trillion. The trend in the economy The report identified a trend in “financialization,” where households shift more …

India Financial Wealth Indian Morgan Stanley Usd
Labour's pre-Halloween nightmare: The SIX taxes Rachel Reeves could hike in 'painful' Autumn Budget on 30 October as Chancellor mulls targeting inheritance, pensions and council tax and fuel duty to p
3 months, 3 weeks ago

Labour's pre-Halloween nightmare: The SIX taxes Rachel Reeves could hike in 'painful' Autumn Budget on 30 October as Chancellor mulls targeting inheritance, pensions and council tax and fuel duty to p

Daily Mail  

Sir Keir Starmer and Rachel Reeves could impose a series of tax hikes on Britons over the coming months from inheritance to pensions and capital gains to savings. Here, MailOnline looks at five taxes the Government could raise in the Budget: CAPITAL GAINS TAX Capital gains tax is charged on the profit made from financial assets such as shares or …

Tax Labour Budget Duty Inheritance Fuel Capital Gains Tax
Economic Survey 2024: Households not in Distress
5 months ago

Economic Survey 2024: Households not in Distress

Deccan Chronicle  

New Delhi: Keeping in view the investing trend of people in the country, chief economic advisor V Anantha Nageswaran on Monday said that households are not in distress as they are investing more in financial assets and their market values are not captured in the national income data. As per the Economic Survey 2023-24, the registered investor base at NSE …

Cea Nageswaran Financial Assets Distress
India's foreign assets increased more than liabilities in 2023-24: RBI data
5 months, 4 weeks ago

India's foreign assets increased more than liabilities in 2023-24: RBI data

Hindustan Times  

India's has increased its overseas assets more than its foreign liabilities, largely due to a rise in reserve assets, according to Reserve Bank of India data. Reserve assets amounting to $23.9 billion was the dominant component of the rise in Indian residents’ overseas financial assets during the last quarter of the financial year 2023-24, followed by currency and deposits, and …

India Financial Assets Foreign Rbi Overseas Reserve
Edelweiss round-tripping money? RBI order against the financial giant scathing in how it’s using group entities to circumvent IBC regulations: A case study
6 months ago

Edelweiss round-tripping money? RBI order against the financial giant scathing in how it’s using group entities to circumvent IBC regulations: A case study

Op India  

The Reserve Bank of India on the 29th of May 2024 ordered Edelweiss Asset Reconstruction Company Limited to cease and desist from the acquisition of financial assets, including security receipts, and reorganizing the existing SRs into senior and subordinate tranches. As we would now analyze, it would appear that Edelweiss and its group entities seem to have indulged in the …

India Money Regulations Financial Institutions Debt Order Group
Pay down time
6 months, 2 weeks ago

Pay down time

China Daily  

SHI YU/CHINA DAILY The Chinese government still has ample policy space to deal with the country's debt problems The scale of China's debt and its ratio to GDP have increased rapidly over the past decade. After China's industrialization peaked, capital-intensive enterprises no longer borrowed heavily, and local government financing platforms and households became the main sources of new debts. China …

Policy China Financial Local Credit Investment Debt
China's financial institutions report 9.9% growth in assets
9 months ago

China's financial institutions report 9.9% growth in assets

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. BEIJING - Assets of financial institutions in China rose to 461.09 trillion yuan as of the end of 2023, up 9.9 percent year-on-year, according to the central bank. Of the total, assets of the banking sector reached 417.29 trillion yuan, up 10 percent; assets …

China Financial Institutions Bank Yuan Trillion Institutions Report
SARFAESI Act No License For Bank Officers To Act Against Law : Supreme Court
1 year, 3 months ago

SARFAESI Act No License For Bank Officers To Act Against Law : Supreme Court

Live Law  

In a recent judgement, the Supreme Court underlined that all litigants, including banks, were duty bound to follow provisions of law and that banks would not be treated on a different footing than other litigants. The Court said that the the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 does not give any "license to …

Law Supreme Court Court Bank Crore Act Asset
US issues more sanctions over Iran drone program after nation’s president denies supplying Russia
1 year, 3 months ago

US issues more sanctions over Iran drone program after nation’s president denies supplying Russia

Associated Press  

WASHINGTON — The U.S. on Tuesday imposed sanctions on seven people and four companies in China, Russia and Turkey who officials allege are connected with the development of Iran’s drone program. The parties sanctioned Tuesday by Treasury’s Office of Foreign Assets Control include: An Iranian drone company previously sanctioned in 2008, now doing business as Shahin Co., its managing executives, …

Ukraine Russia Treasury Iran Drone Iranian Financial Assets
Lebanon's interim central bank governor freezes assets of former chief and close associates
1 year, 4 months ago

Lebanon's interim central bank governor freezes assets of former chief and close associates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Lebanon’s interim central bank governor …

Bank Lebanon Lebanese Salameh
每日一词∣滴灌通澳门金融资产交易所 Micro Connect Macao Financial Assets Exchange
1 year, 4 months ago

每日一词∣滴灌通澳门金融资产交易所 Micro Connect Macao Financial Assets Exchange

China Daily  

滴灌通澳门金融资产交易所8月3日在澳门举办正式营运启动仪式，这是全球首个收入分成产品金融市场。 The Micro Connect Macao Financial Assets Exchange officially started operation on Thursday in China's Macao Special Administrative Region, becoming the world's first Daily Revenue Obligations financial market. 滴灌通澳门金融资产交易所8月3日在澳门举办正式营运启动仪式。（图片来源：新华社） 【知识点】 滴灌通集团自2021年8月成立起已在中国31个省份、逾220个城市投资超过9300家小微门店。 2022年12月初，滴灌通宣布已获批在澳门设立金融资产交易所。3月25日，滴灌通澳交所试营运正式启动。8月3日，滴灌通澳交所正式运营。 滴灌通澳门金融资产交易所创设收入分成产品，让投资者能够直接、分散地投资于小微实体门店，让小微企业直通资本市场。 滴灌通澳交所正式营运后，能够利用澳门的制度优势及高度开放的金融体系，引导国际资金聚集澳门，并通过境内外的联动，为内地的小微企业精准赋能，为澳门经济适度多元作出贡献。 【重要讲话】 优化民营企业发展环境，依法保护民营企业产权和企业家权益，促进民营经济发展壮大。完善中国特色现代企业制度，弘扬企业家精神，加快建设世界一流企业。支持中小微企业发展。深化简政放权、放管结合、优化服务改革。 We will provide an enabling environment for private enterprises, protect their property rights and the rights and interests of entrepreneurs in accordance with the …

Financial Assets
How Gold ETF investment can be a good decision amidst central bank rate hike expectations?
1 year, 6 months ago

How Gold ETF investment can be a good decision amidst central bank rate hike expectations?

Live Mint  

To quote Oscar Wilde, “Consistency is the last resort of the unimaginative”. Financial assets not the best option in a high interest rate scenario Interest Rate hikes by central bankers is the most common monetary policy instrument available to rein in inflation. Building the case for Gold ETF as an asset class Since gold serves as an effective inflation hedge, …

Ukraine Russia Inflation Gold Bank High Class
Black swan event in West takes flight, but impact lingers
1 year, 7 months ago

Black swan event in West takes flight, but impact lingers

China Daily  

The recent events concerning First Republic Bank, Silicon Valley Bank and Credit Suisse are cautionary tales for the financial sector. Fed Chairman Jerome Powell said in late March that he had fully assessed the possible credit tightening caused by the banking turmoil, which in turn affected demand, employment and inflation, and decided to raise interest rates by an additional 25 …

Policy China Inflation Impact Financial Institutions Fed Banks
Section 30(4) Of IBC Directory In Nature, Does Not Compel COC To Distribute Payments Based On Value Of Security : NCLT Hyderabad
1 year, 8 months ago

Section 30(4) Of IBC Directory In Nature, Does Not Compel COC To Distribute Payments Based On Value Of Security : NCLT Hyderabad

Live Law  

The National Company Law Tribunal, Hyderabad Bench, comprising of Shri Dr. N. V. Rama Krishna Badarinath and Shri Satya Ranjan Prasad, while adjudicating a petition filed in Stressed Assets Stabilisation Fund, Mumbai vs. M/s. Canara Bank is a Financial Creditor of the Corporate Debtor which holds 28.63% voting share in CoC; has first charge over current assets and second charge …

Corporate Financial Resolution Assets Value Bench Coc
The evolution of financial services and savings trends in India
1 year, 9 months ago

The evolution of financial services and savings trends in India

Live Mint  

India recently crossed the UK to become the 5th largest economy in the world with a per capita income of $2000. A rise in financial assets means increased investor participation in capital markets, credit growth, and increased insurance penetration often termed as ‘financialization of savings’. Breakup of incremental household saving flows Move over Bank Deposits Unsurprisingly, bank deposits comprise the …

India Growth Insurance Financial Savings Financial Services Capital Markets
Silicon Valley Bank jitters likely to be felt in the Indian banking system?
1 year, 9 months ago

Silicon Valley Bank jitters likely to be felt in the Indian banking system?

Live Mint  

Friday's implosion of Silicon Valley Bank has sparked widespread fears of a spillover into the broader banking sector. The Reserve Bank of India has has learnt its lessons from the recent bank failures and has put measures in place that have made sure financial stability is not at risk for the Indian banking system. We are in a credit upcycle," …

Financial Stability Silicon Valley System Silicon Valley Bank Indian Banking Svb Valley Bank
Complete Supreme Court Yearly Digest Part-10
1 year, 10 months ago

Complete Supreme Court Yearly Digest Part-10

Live Law  

R Rajiv Gandhi Assassination Case Rajiv Gandhi Assassination Case - Supreme Court orders premature release of all 6 convicts. Union Bank of India v. Rajasthan Real Estate Regulatory Authority, 2022 LiveLaw 171 Real Estate Act, 2016 - Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - RERA authority has the jurisdiction to entertain a complaint …

India Rajasthan Karnataka Tamil Nadu Kerala Delhi Supreme Court
MSMED Act 'Dues' Will Not Prevail Over SARFAESI Proceedings : Supreme Court
1 year, 11 months ago

MSMED Act 'Dues' Will Not Prevail Over SARFAESI Proceedings : Supreme Court

Live Law  

The Supreme Court observed that the dues under Micro, Small and Medium Enterprises Development Act, 2006 would not prevail over the SARFAESI Act.In this case, the Madhya Pradehs High Court held that MSMED Act will prevail over Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. According to the High Court, in view of Section 24 …

Security Supreme Court Court Interest Dues Act Financial Assets
'Not Manifestly Arbitrary': Delhi High Court Upholds Constitutional Validity Of Chapter II Of SARFAESI Act
2 years, 2 months ago

'Not Manifestly Arbitrary': Delhi High Court Upholds Constitutional Validity Of Chapter II Of SARFAESI Act

Live Law  

The Delhi High Court has upheld the constitutional validity of Chapter II of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 observing that it is not manifestly arbitrary and is not in violation of Article 14 of the Constitution of India.A division bench of Chief Justice Satish Chandra Sharma and Justice Subramoniuam Prasad passed. …

Court Reconstruction Delhi High Court Rbi Act Chapter Delhi High
Weapons Of Mass Destruction (Amendment) Bill, 2022: India's Position On International Regime
2 years, 3 months ago

Weapons Of Mass Destruction (Amendment) Bill, 2022: India's Position On International Regime

Live Law  

On 6th April 2022, the Lok Sabha passed "The Weapons of Mass Destruction and their Delivery Systems Amendment Bill, 2022" through a voice note with the members conveying their consensus that such a modification was a pressing priority. Mass destruction weapons include biological, chemical, and nuclear weapons. Indian Laws On Weapons Of Mass Destruction: India introduced the 2005 Act on …

India International France China Russia Financial Nuclear Weapons