Money and Banking

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The wealthiest 10% of Americans own a record 89% of all U.S. stocks

The wealthiest 10% of Americans own a record 89% of all U.S. stocks

The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.

https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html

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'Biggest peddler of financial secrecy': US denounced after Pandora Papers leak

'Biggest peddler of financial secrecy': US denounced after Pandora Papers leak

The leak of an enormous trove of tax haven files over the weekend offered a further glimpse into the secretive world of offshore finance—a system facilitated by the U.S. and other rich nations—and prompted calls for immediate changes to global rules that let the powerful hide their wealth, skirt the...

https://www.alternet.org/2021/10/pandora-papers/

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PANDORA PAPERS

Pandora Papers: Video & Major Stories From Our Partners

Watch a video from FRONTLINE on the Pandora Papers, exposing how U.S. trusts are sheltering millions in assets, and read the latest from our ICIJ partners.

https://www.pbs.org/wgbh/frontline/article/pandora-papers-video-news-icij/

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Post from Francisco Lopez

How finance firms rig the tax code from within

Revolving doors and lobbying clout help a powerful industry make the rich richer.

https://www.motherjones.com/politics/2021/09/how-finance-firms-rig-the-tax-code-from-within/?utm_source=mj-newsletters&utm_medium=email&utm_campaign=daily-newsletter-09-20-2021

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Post from Joseph Macwan

Data Governance Across Bank Branches Made Easier Multi-Platform Options Come Alive - Readesh

More and more often, we've heard the term "Big Data" in the news lately. In today's digital age, this technique has also been widely utilised in the financial sector, which is a testament to its effectiveness. Examine the duties that Big Data analytics services in banking is able to do, as well as the manner […]

https://readesh.com/data-governance-across-bank-branches-made-easier-multi-platform-options-come-alive/

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