Problems in Indian Banking

The run on the Punjab and Maharashtra Co-operative Bank (PMC), a small Indian lender, is now in its third week. This is indicative of wider problems in Indian banking. India’s financial sector needs to restore trust. How will it do this?

Read the full article in The Economist

Cryptocurrencies - Investors allege that Tether deliberately inflated a mega-bubble

Launched as Realcoin in July 2014, Tether aimed to become a more reliable alternative to Bitcoin. Today with a $4.1bn market capitalisation, it is now the fifth-largest virtual currency. However, its efforts to gain investors’ trust have fallen short. On October 6th, a group filed a class-action lawsuit in New York, accusing Tether of being “part-fraud, part-pump-and-dump, and part-money laundering”. They call for truly startling damages: more than $1.4trn.

Read more at The Economist

How Billionaire Investors Are Protecting Their Wealth

It can take a lifetime to build a fortune of Buffett or Dalio sized proportions.

But, as all billionaires know, there is always risk present in the market – and even though a catastrophic geopolitical or financial event is very unlikely, it is important to be prepared for anything.