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Survey shows upbeat outlook from US millionaires

WASHINGTON (AFP) – More than four in 10 American millionaires say they now need $7.5 million to feel wealthy, according to a survey that uncovered surprising levels of optimism about economic prospects. Conducted by Fidelity Investments, the world’s largest mutual fund firm, the poll analyzed the investing attitudes and behaviors…

Private banks hiring at record pace as global wealth accelerates upwards

Private banks will sharply expand headcount in coming years to capitalize on the growing number of wealthy individuals in Asia, dismissing concerns that aggressive hiring is out of sync with a tentative recovery in revenues. Hiring sprees this year have taken some firms beyond their pre-crisis staffing levels, as banks…