Investing

France & Spain Are Top With British Second Home Owners

France and Spain are still the top locations for British property buyers seeking a second home abroad despite the eurozone economic turmoil.

Exclusive: Bank of America Puts Non-U.S. Wealth Arm Up For Sale

Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.

China's Noah to Launch Up to $2.9 Bln Real Estate Fund

China's Noah Holdings Ltd , a distributor of wealth management products to high-networth individuals, plans to launch a real estate fund worth as much as 18 billion yuan ($2.85 billion) as cash-strapped developers seek alternatives to bank lending, the Shanghai Securities News reported on Tuesday.