07/22/2019

Ping An-Backed Wealth Manager Exits P2P Lending

Lufax, formerly Shanghai Lujiazui International Financial Asset Exchange, is valued at about $39.4 billion and Ping An Insurance was reportedly seeking to buy back $12 billion in shares in June, signaling confidence.

07/16/2019

Death knell of private banking in Australia

The battle with regulators, governments and prudential forces after the GFC has left private banks as Pyrrhic victors - technically winners but near extinction.