Library: Secrecy World

Panama-based Mossack Fonesca was once one of the largest law firms in the world, assuring extreme discretion to its clients. Yet when a 2.6 terabyte trove of its data—including corporation formation documents, internal memos, and personal financial information—was leaked to journalists, that masquerade  More ►

Indian Elite Embrace Family Offices

What do billionaires in India do with their money? The question is more practical than quaint. They can wrestle with myriad financial advisors, plow funds back into their established businesses, or go it alone, investing on a best-efforts basis in selected deals. The fast-evolving option, at least  More ►

Africa Forges New Billionaires

Private wealth in Africa continues to gain momentum. According to Forbes, there are now 23 billionaires on the continent. Eight of them reside in South Africa, six in Egypt. The overall number increased by two over the course of 2017. In context, the number of billionaires in Africa  More ►

Library: Why Wall Street Matters

Wall Street has created enormous wealth for itself and others. Yet the industry is going through an existential crisis, provoked by politicians who may have limited context for financial intermediation. Bereft of jargon, Why Wall Street Matters clarifies the central function of the commercial- and investment-banking industry.  More ►

Cybersecurity is the New Deal Metric

The intersection between cybersecurity and medical technology is the pacemaker, at least this week. The Food and Drug Administration has forced NYSE-traded Abbott Laboratories to recall some 465,000 pacemakers due to software vulnerabilities. It seems that the black hat across town could actually change  More ►

Beijing Closes Cash Spigot

China is now a less hospitable destination, at least for certain dealmakers. Ernst & Young estimates that Chinese outbound investment is set to reach $100 billion in 2017, representing a sharp decline from the $183 billion seen last year. Beijing blames this decline in part on growing hostility  More ►