Former UBS asset manager Helmut Jonen earned a salary of over $322,000 (£253,818) annually over a decade ago. However, he quit the bank once his passive income from investment dividends reached north of $257,000, or 80% of his UBS salary. He achieved this milestone at the age of 52. “This year, I will probably earn … Read more
A former TD Bank employee falsified documents to open dozens of accounts and provided concierge-like services to help cash flow across borders, Bloomberg News reported on Monday. Gerry Aquino Vargas, the now-former retail banker in a Hollywood, Fla., outpost of TD Bank, took a series of $200 US bribes to help clients move millions to Colombia … Read more
As UK citizens face high living costs and a wage slump, many are finally considering their budgets and finances. Burdened with bills, high-interest credit card debt, student loans, and mortgage payments, keeping up with monthly expenses has become challenging for the average UK household. Financial expert Nischa Shah, in her YouTube podcast, unveiled an accessible … Read more
The court ruled that Xu, in his role as bank chief, and his accomplices had embezzled more than 900 million yuan (US$125.4 million) in US dollars, Hong Kong dollars and German marks. Their misdeeds transpired through fraudulent loans, misappropriated loan repayments and the siphoning of bank funds to other accounts, it added. The group was … Read more
