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Date
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June 13, 2025
Supervision

Fed independence questioned as Bessent is floated as Powell successor

Scott Bessent, the U.S. Treasury Secretary and key architect of President Trump’s economic agenda, is being discussed as a potential successor to Federal Reserve Chair Jerome Powell. Bloomberg cited anonymous sources saying his name has been floated for …
June 12, 2025
Sector

Artificial intelligence can erode wealth management costs

The application of artificial intelligence can significantly lower wealth management costs and help non-investors in Europe start investing wisely. “AI is simply automation that can provide positive nudges—for example, to not sell when the market …
June 11, 2025
Transfers

Transfers: Hugo Bänziger appointed chair of Quintet board

This week’s overview of people transfers and appointments in and around Luxembourg includes updates from Quintet Private Bank, Banque Raiffeisen and PWC Luxembourg. Hugo Bänziger appointed chair of Quintet Private Bank board Hugo Bänziger has been …
June 11, 2025
Investing,Taxation

Trump puts Luxembourg funds on edge with ‘Section 899’ tax threat

European dividend investors are bracing for potential fallout from Section 899, a provision in Donald Trump’s proposed One Big, Beautiful Bill Act (OBBB) that could sharply raise US withholding taxes on dividends and interest income. Experts warn the …
June 11, 2025
Investing

Vanguard’s Joe Davis: Treasury will top 7 percent this decade

There’s an 82 percent chance the 10-year Treasury yield will exceed 7 percent before the end of the decade, according to Joe Davis, global chief economist at Vanguard. The odds of yields topping 9 percent? One in five. Those oddly specific projections are …
June 11, 2025
Opinion

The dollar remains king

The US dollar has experienced a spectacular decline in recent months. Investors call it a correction, analysts see a turning point, and pessimists even predict the end of dollar hegemony. But let’s pause for a moment. While the dollar is indeed falling …
June 10, 2025
Investing

Private equity advisors reject ‘Ponzi’ label on continuation funds

Continuation funds face mounting criticism over self-dealing and inflated valuations. Private equity specialists however see reality as more nuanced. Once invented as a niche mechanism to extend holding periods, continuation funds are now a staple in the …
June 10, 2025
Asset Managers

ESG funds hesitant about investing in defense

Are defense investments compatible with the principles of sustainable investing? At a conference in Brussels, the answers ranged from "maybe" to a firm "no". The organization behind the Belgian sustainability label Towards Sustainability hosted a debate …
June 10, 2025
Opinion

Chart of the week: the ECB is seeing stars

Economists have a knack for elevating seemingly simple assumptions into so-called science—even though economics isn’t really a science at all. Nevertheless, endless books are written about a single abstract interest rate number. Now that inflation has …
June 6, 2025
News,Wealth Managers

Fewer millionaires in Luxembourg, but the wealthiest get richer

The number of millionaires in Luxembourg fell significantly in 2024, but those at the top of the wealth pyramid continued to grow their fortunes. According to the newly published World Wealth Report 2025 by Capgemini, the Grand Duchy saw a 7.5 percent …