Rockefeller and Rothschild Dynasties Join Forces-Global Government Goes Public
LONDON – Two of the world’s best-known banking families are combining forces after RIT Capital Partners, the investment trust chaired by Jacob Rothschild, said on Wednesday that it was buying a minority stake in the investment and wealth management firm Rockefeller Financial Services.
Under the terms of the deal, RIT Capital will buy a 37 percent stake in Rockefeller Financial Services, which was founded in 1882 and currently has around $34 billion in client assets under administration.
The fee was not disclosed, and RIT Capital said it would acquire the stake in the American firm from Société Générale Private Banking of France.
RIT Capital and Rockefeller Financial Services said they would collaborate on investment opportunities and other areas of shared expertise. The transaction will also give RIT Capital, which is based in London, a presence in the United States.
“We are delighted at the prospect of bringing together these two entities in a long-term partnership,” Mr. Rothschild, chairman of RIT Capital, said in a statement. “The creation of this partnership with the Rockefeller family is truly historic.”
The deal between the two well-known banking families comes after RIT Capital, whose assets total £1.9 billion, or $3 billion, announced a partnership in March with the Edmond de Rothschild Group, an international private banking and asset management group chaired by Benjamin de Rothschild.
The Rothschilds, whose banking dynasty dates back to the 18th century and now operates across a number of European countries, also are currently consolidating their French and British operations.
In a deal announced on April 5, Paris Orléans, the Rothschild Group’s holding company, said it was buying minority stakes in its subsidiaries, including N.M. Rothschild & Sons, the investment bank based in London, and the group’s French asset management business.
The deal to buy a minority stake in Rockefeller Financial Services is expected to close by the end of September.
Mitt Romney Job Destroyer, Tax Dodger
I’m sure this issue is familiar to most ZGR readers. The Anglo-Zionists that fill Wall Street think they are better than the rest of us, and their racist, preferential tax treatment and destroy the USA machinations proves it. One law for them, which allows them to pillage and loot, and one law for the goyim. Wall Street and its progenitor the FED are a curse upon the USA.
USTs hit new record Low
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) — Treasury prices rose on Wednesday, pushing 10-year yields to a new record low, as increasing worries about Spain’s fiscal health and its banks weighed on the euro and equities, increasing the appeal of the relative safe haven of U.S. bonds and the dollar.
Yields on 10-year notes 10_YEAR -6.68% , which move inversely to prices, fell 10 basis points to 1.65%, after briefly falling under that level…
Facebook crashes below $30 in ‘worst IPO in a decade’
Zuckerberg Stiffs Italian Waiter on Honeymoon
Famed F1 Designer Unveils 96 Mpg, 100 Mph Smartcar
Hashimoto/Japan Fed Up with Anglo-American Dominance
Note the disdain the Crypto Pesek has for nationalism. Trying to equate it to Hilter. This is why people hate journmalists anymore.
Debt-Ceiling Deja Vu Could Sink Economy
John Boehner, the leader of the House Republicans, has promised yet another fight with the White House over the debt ceiling — the limit Congress has placed on the amount the federal government can borrow…
Sometime around the end of this year, the federal government will bump up against its $16.4 trillion borrowing limit, as a direct result of spending and tax laws enacted by Congress. To raise the limit, legislators must pass a separate law. In principle, the extra level of approval can serve as a useful mechanism, forcing Congress to debate its priorities. But refusing to raise the limit wouldn’t free the government of its existing spending obligations. Rather, it would leave the government with no choice but to default on its debts.
In other words, congressional Republicans are taking the government’s creditworthiness hostage when they threaten not to increase the debt ceiling. Politically advantageous as this may be, it is terrible economics. To understand why, let us consider the economic effects of last year’s debt-ceiling debate. If we know our history, perhaps we will not be doomed to repeat it….
Brent Crude Declines Below $105 First Time Since December
Oil in New York has long-term technical support at $89.83 a barrel, according to data compiled by Bloomberg. On the weekly chart, that’s the 50 percent Fibonacci retracement of the drop to $32.40 in December 2008 from an intraday record high of $147.27 in July that year. Buy orders tend to be clustered near chart-support levels.
“Demand out of the U.S. and the euro zone has been very soft,” David Lennox, an analyst at Fat Prophets in Sydney, said in a telephone interview. “For the foreseeable future, barring any supply-side shocks, oil will stay around $90 a barrel. If there’s going to be any movement, it’s not likely to be up.”
U.S. gasoline stockpiles probably fell 250,000 barrels last week, according to the Bloomberg survey before tomorrow’s Energy Department report. Distillate supplies, a category that includes heating oil and diesel, will likely remain unchanged at 119.5 million barrels, the survey shows…
U.S. Stocks Fall on Greek Woes as Home Data Disappoint
U.S. stocks fell, putting the Standard & Poor’s 500 Index on pace for its worst month since September, after a gauge of pending home sales dropped by the most in a year and concern that Greece will leave the euro grew.
Caterpillar Inc. (CAT) and Chevron Corp. (CVX) dropped at least 2.2 percent to pace losses in the largest companies. Morgan Stanley (MS) and Citigroup Inc. (C) slid more than 2 percent, following declines in European lenders. Research In Motion Ltd. (RIM) sank 8.6 percent as the BlackBerry maker forecast a surprise operating loss and hired banks to advise on strategic options. Facebook Inc. (FB) rose 1.3 percent after yesterday’s 9.6 percent slump.
The S&P 500 retreated 1.1 percent to 1,317.44 at 10:07 a.m. New York time. The benchmark gauge has fallen 5.8 percent so far in May. (SPX) The Dow Jones Industrial Average slipped 136.61 points, or 1.1 percent, to 12,444.08 today. Trading in S&P 500 companies was down 21 percent from the 30-day average at this time of day.
“What you’re seeing is worry about how this really plays out and whether Europe has the ability to even solve the problem at this point,” said Madelynn Matlock, who helps oversee about $14.7 billion at Huntington Asset Advisors in Cincinnati. “It’s probably a given that Greece will need a more flexible plan. The question is: under which Greek government does that take place and how does that get negotiated?”
Global stocks slumped while U.S. Treasury 10-year yields slid to a record and the euro weakened to a two-year low. An opinion poll showed most Greeks want to see the terms of an international financial rescue revised. The European Commission called for direct euro-area aid for troubled banks and touted common bond issuance as an antidote to the debt crisis now threatening to overwhelm Spain.
In the U.S., the index of pending home resales dropped 5.5 percent following a revised 3.8 percent gain the prior month, figures from the National Association of Realtors showed today in Washington. The median forecast of 42 economists surveyed by Bloomberg News called for no change in the measure.
Job recovery is scant for Americans in prime working years