July 7, 2024
Investment

Hong Kong insurance sales, investment activity and card spending rise against market-rally backdrop: Citigroup

Wealthy residents and visitors in Hong Kong are seeking more investment and wealth-management services, buying more insurance and increasing their spending via debit cards amid the market rally this year, according to a senior Citigroup executive. “We have seen a strong growth in sales of our investment services and insurance products in the first quarter,”

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Investment

Ex-Investment Banker and Registered Broker Busted in $1,500,000 Crypto Fraud Scheme: DOJ

A former investment banker and registered broker has been sentenced for masterminding a $1.5 million crypto fraud scheme. In a new press release, the US Department of Justice (DOJ) says that Rashawn Russell, who used to work for the Financial Industry Regulatory Authority (FINRA), has been sentenced to three years and five months behind bars.

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