Home / Uncategorized / SWFs and Citigroup – Unethical or just Flash Players?

SWFs and Citigroup – Unethical or just Flash Players?

Another excellent collection of folks at the annual Gateway conference, a
meeting of British American Business leaders.

Sir Wim Bischoff, Chairman of Citigroup, gave the keynote speech all about the impact of Sovereign Wealth Funds
(SWF). Although they have been around for decades, it has only been the recent
experiences with Middle Eastern, Chinese, Russian and other nation’s funds
buying big chunks of foreign businesses, that this has really appeared above the
radar.

Bearing in mind their lack of transparency and potential threat to national
interests, the idea of Chinese or Russian funds buying up large swathes of
American and British businesses is something that many are wary of, and Sir Wim
asked the question: should we be?

Read
more …

About Chris M Skinner

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here…

Check Also

Financial services of the future will be open sourced and real-time

I recently  presented in Miami and BBVA were kind enough to summarise what I said …