vegassports-odds.com
vegassports-odds.com November 19, 2017


Credit Suisse fined $135m for NY forex investigation

15 November 2017, 12:47 | Melvin Schneider

Credit Suisse Group (NYSE:CS) Getting Positive News Coverage, Study Finds

Credit Suisse Fined $135 Million by New York Watchdog for Rigging FX Market

Although global wealth has grown substantially in the past decade, the so-called millennial generation is finding it harder to excel financially than previous generations due to greater inequality and joblessness.

"The bottom half of adults collectively own less than 1% of total wealth, the richest decile (top 10% of adults) owns 88% of global assets, and the top percentile alone accounts for half of total household wealth", the Credit Suisse report said.

Shares of Credit Suisse Group AG (CS) traded down $0.16 during trading hours on Tuesday, reaching $15.87.

"They can not be called a lucky generation", she said, adding that millennials were facing far more adverse market conditions than previous generations, which would "most likely limit their wealth acquiring prospects". Adults between the ages of 20 and 29 especially "faced the rigors of the financial crisis and the high unemployment that followed in many countries, and have also been widely hammered by high housing prices, rising student debt, and increasing inequality", according to the report.

"They are also set to experience less access to pensions than their predecessors". For others, a degree may only bring them "job opportunities and wages no better than those of their parents". "In some low-income countries in Africa, the percentage of the population in this wealth group is close to 100 percent", according to Credit Suisse's report.

Torey Lovullo and Paul Molitor win Managers of the Year
Hinch navigated the Astros to a 101-61 record and their first-ever World Series title in his third season at the helm. It's a deserving award for Lovullo, who led the Diamondbacks to the NLDS during his first year as manager.

'S Durga' director moves HC against exclusion from IFFI
Talking to PTI, Ghosh confirmed that his decision came in the wake of Sexy Durga and Nude being pulled out from the selection. Earlier titled as Sexy Durga , the title was changed by CBFC and given a permission to be screened as MAMI earlier this year.

Taylor Swift Heads to Target to Buy 'Reputation'
While it appears Swifties aren't struggling to buy their copies, the streaming services aren't happy to be cut out of the action. This mega-success comes as a bit of a shock after Swift's first singles from Reputation were panned by critics .

"According to our latest estimates, the top 1 percent own 50.1 percent of all household wealth in the world", said the report.

In most countries, including the United States, a large wealth gap translates into those at the top accruing political power, which in turn can lead to policies that reinforce benefits for the wealthy. Thirty-six million people with over a million dollars make up just 0.7 percent of the global population, but control 46 percent of the world's $280 trillion dollars.

Since 2000, the number of millionaires in the world has risen 170 per cent, to 36 million, and the number of ultra-high-net-worth individuals has increased five times over.

USA households alone added around $8.5 trillion to their combined coffers, half of the total world gain over the past 12 months, the study showed. By comparison, China contributed $1.7 trillion to the global wealth gain.



Other News

Trending Now

United Nations urges countries to stop fighting during winter Olympics
The entire world has resolved to refrain from all kinds of hostile activities for the duration of the Pyeongchang Winter Olympics. The symbolic Olympic Truce resolution has been adopted every two years ahead of the summer and winter games since 1993.

US Senate committee questions Trump's nuclear authority
Corker has become an outspoken critic of the president, although he says Tuesday's hearing was not specific to President Trump. Kehler responded "Yes, if there is an illegal order presented to military, the military is obligated to refuse to follow it".

5.5 magnitude quake hits off S. Korea's southeastern coast - state media
The Korea Meteorological Administration reported a second tremor, with a magnitude of 5.4, about nine kilometers from Pohang. Nuclear power plants in Gyeongju and the surrounding areas are reported to be safe and unaffected by the quake .

'No indication' Saudi coalition reopening Yemen ports
The Saudi closure had drawn global condemnation and fears of a worsening humanitarian disaster in Yemen. Iran denies arming the Houthis and blames the conflict in Yemen on Riyadh.