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☆ Goldman Sachs to sell wealth advisory unit to Creative Planning
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly//File Photo Acquire Licensing RightsAug 28 (Reuters) - Goldman Sachs (GS.N) on Monday said it has struck a deal to sell an investment advisory business to wealth management firm Creative Planning LLC. Creative Planning is an independent wealth management firm with more than 2,100 employees across its affiliates and $245 billion in combined assets under management and advisory. "It is margin accretive to Asset & Wealth Management and allows us to focus on the execution of our premier ultra-high net worth wealth management and workplace growth strategy," said Marc Nachmann, Goldman Sachs global head of Asset & Wealth Management in a statement. The bank can serve high net worth investors through RIA and other wealth management clients, such as Creative Planning, he said. Goldman Sachs & Co LLC is serving as financial advisor and Weil, Gotshal & Manages LLP is serving as legal counsel to Goldman Sachs.

Persons: Goldman Sachs, Andrew Kelly, David Solomon, Goldman, Marc Nachmann, Weil, Manya Saini, Saeed Azhar, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Creative Planning, United Capital Financial Partners, Creative, Wealth Management, Co, Gotshal, Thomson Locations: New York City , New York, U.S, Bengaluru, New York

☆ Russian SU-30 plane escorted US drone Reaper over Black Sea, RIA reports
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: 1 min

Middle East category · August 27, 2023 · 1:02 PM UTCGaza's students began their new school term on Sunday, but it is unclear if they will be able to complete the year uninterrupted due to a funding crisis at the United Nations' Palestinian refugee agency.

Organizations: United Nations Locations: Palestinian

☆ Wreckage of Prigozhin's plane was scattered across roughly 4 miles, and experts say it looks like an explosion knocked it out of the sky
▼ + stars: | 2023-08-26 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +6 min

Experts are zeroing in on a theory around a plane crash that Russia says killed Yevgeny Prigozhin. According to CNN, fragments of Prigozhin's plane were scattered throughout a 4-mile radius. Analyzing the wreckage"It is very difficult to understand what happened without a proper investigation," Daniel Kwasi Adjekum, an aviation expert at the University of North Dakota, told CNN. So far, flight data from Flightradar24 also paints a patchy picture, showing Prigozhin's plane steeply dropping 8,000 feet in the last 30 seconds of the flight. Robert Schmucker, a rocket expert who works with NATO, also told CNN that the manner in which the plane plummeted down from the sky was highly suspicious.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, Putin, Daniel Kwasi Adjekum, Robert Schmucker, Schmucker, Markus Schiller, Anthony Brickhouse, Brickhouse, Prigozhin's Organizations: Aviation, CNN, Service, Wagner Group, Novosti, University of North, Washington Post, NATO, telltale, National Transportation Safety Board, Embry, Riddle Aeronautical University, Russian Telegram, Pentagon, Reuters, AP, New York Times, BBC Locations: Russia, Wall, Silicon, Tver, Moscow, Ukraine, Kuzhenkino, University of North Dakota, Europe

☆ Russia's military ties with Iran will withstand geopolitical pressure -RIA
▼ + stars: | 2023-08-26 | by ( ) www.reuters.com time to read: +1 min

Sputnik/Sergei Savostyanov/Pool via REUTERS \File Photo Acquire Licensing RightsAug 26 (Reuters) - Russia's military cooperation with Iran will not succumb to geopolitical pressure, Russian Deputy Foreign Minister Sergei Ryabkov said, following reports that Washington has asked Teheran to stop selling drones to Moscow. "There are no changes, and cooperation with Iran will continue," Ryabkov said, according to a report on Saturday from Russian state news agency RIA. Iran has acknowledged sending drones to Russia but said in the past they were sent before Russia's February 2022 invasion in Ukraine. Moscow has denied its forces used Iranian drones in Ukraine. A White House official said in June that Iran had transferred several hundred drones to Russia since August 2022.

Persons: Vladimir Putin, Ebrahim Raisi, Sergei Savostyanov, Sergei Ryabkov, Washington, Ryabkov, Lidia Kelly, Christian Schmollinger Organizations: Sputnik, Financial Times, Iranian, White, Thomson Locations: Astana, Tehran, Iran, Russian, Teheran, Moscow, United States, Russia, Ukraine, Warsaw

☆ Explosion likely brought down aircraft purportedly carrying Wagner boss, flight data and video analysis suggest
▼ + stars: | 2023-08-25 | by ( Eliza Mackintosh Gianluca Mezzofiore Benjamin Brown Katie Polglase | Eliza Mackintosh | Gianluca Mezzofiore | ) edition.cnn.com time to read: +10 min

The person filming the video zooms in as the aircraft spirals downwards out of control, revealing that it is missing a wing. Credit: Ria NovostiCNN has reviewed flight data and videos, and interviewed aviation and explosive experts, to piece together what happened in the minutes leading up to the crash. The analysis suggests that the private aircraft experienced at least one “catastrophic inflight incident” before it dropped out of the sky. According to CNN’s analysis of available flight data, the plane traveled another 30 miles before it crashed. “Even though the aircraft was not transmitting position information, other data like altitude, speed, vertical rate, and autopilot settings were broadcast.

Persons: Yevgeny Prigozhin, Dmitry Utkin, Vladimir Putin, Rosaviatsia, Prigozhin, ” Flightradar24, ”, Steffan Watkins, Markus Schiller, ” Schiller, Schiller, Robert Schmucker, ” Schmucker, Kuzhenkino, Daniel Kwasi Adjekum Organizations: CNN, Ria Novosti CNN, Pentagon, Kremlin, Embraer, Wagner, Planet Labs, NATO, European Union, United Nations, Aviation, Brazilian, RIA Novosti, University of North Locations: Moscow, St . Petersburg, Credit, Belarus, Russia, Belarusian, Kuzhenkino, Tver, Europe, University of North Dakota

☆ Wagner channels say Russian arrested in Finland is top fighter with neo-Nazi background
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

HELSINKI, Aug 25 (Reuters) - Social media channels linked to Russia's Wagner Group mercenaries said on Friday a top fighter in one of the group's subunits had been detained in Finland at Ukraine's request. It is unclear how Petrovsky was able to enter Finland while under European Union sanctions. On Telegram, Rusich published part of what it said was the Ukrainian request for Petrovsky's arrest. Earlier on Friday, Russian state news agency RIA cited the Russian embassy in Helsinki as saying it was aware of the detention of a Russian citizen in Finland on Ukraine's request and was taking steps to offer consular assistance. Reporting by Felix Light in Tbilisi, Pavel Polityuk in Kyiv and Anne Kauranen in Helsinki; Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.

Persons: Russia's Wagner, Wagner, Yan Petrovsky, Petrovsky, Yevgeny Prigozhin, Rusich, Felix Light, Pavel Polityuk, Anne Kauranen, Mark Trevelyan Organizations: European Union, United, Nazi, European, Kremlin, Finnish National Bureau of Investigation, Thomson Locations: HELSINKI, Finland, United States, Ukraine, Norway, Russia, Vantaa, Helsinki, Russian, Tbilisi, Kyiv

☆ Prigozhin was thought to have died in a 2019 plane crash, only to reappear days later. This time, there's more evidence he's dead.
▼ + stars: | 2023-08-24 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Wagner Group boss Yevgeny Prigozhin is presumed dead after a plane crash outside of Moscow. He was incorrectly reported as having possibly died in a plane crash in 2019. The circumstances of the recent crash are unclear, but he was in a position to be punished by Putin. But this isn't the first time the warlord, who had attempted an uprising against Putin, is thought to have died in a plane crash. But some are still skeptical that Prigozhin is definitely dead, and are waiting for more evidence.

Persons: Wagner, Yevgeny Prigozhin, Putin, Prigozhin, Keir Giles, let's, that's, Vladimir Putin, Adrienne Watson Organizations: Service, Democratic, Novosti, Telegram, London, Chatham House, Washington Post, National, BBC Locations: Moscow, Wall, Silicon, Democratic Republic of the Congo, Russia's Tver, Russia, Africa

☆ What caused the Embraer plane reportedly carrying Yevgeny Prigozhin to crash near Moscow?
▼ + stars: | 2023-08-24 | by ( Jessie Yeung | ) edition.cnn.com time to read: +6 min

The plane was a private Embraer jet carrying seven passengers and three crew members, according to Russia’s emergency services ministry. The bodies of eight people have been found at the crash site, according to Russian state media. Video published by Russian state media outlet RIA Novosti showed a plane plummeting with one wing missing. It’s not yet clear what caused the plane to crash. Video Ad Feedback Why Russia expert thinks Putin could be behind plane crash 01:30 - Source: CNNWhat’s the public reaction so far?

Persons: CNN — Wagner, Yevgeny Prigozhin, “ It’s, Miles O’Brien, O’Brien, David Soucie, Wagner, Prigozhin, Prigozhin’s, Vladimir Putin’s, Joe Biden, Putin, I’m, ”, Bill Burns, Antony Blinken, Bill Browder, “ Wagner, Nick Paton Walsh Organizations: CNN, Kremlin, Embraer, TASS, Novosti, RIA Novosti, US Federal Aviation Administration, Telegram, Reuters, CIA, “ Wagner PMC, CNN’s, International Security Locations: Moscow, Ukraine, St . Petersburg, Kuzhenkino, Russia’s, Tver, “, Russia's, Ostorozhno Novosti, Belarus, Russia

☆ A video claiming to show Prigozhin's jet plummeting from the sky and the plane's fiery wreckage could be starting points for an investigation into the crash — if a fair investigation is possible, avia
▼ + stars: | 2023-08-24 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +5 min

On Wednesday, Russian officials said Wagner Group leader Yevgeny Prigozhin died in a plane crash. Photos on social media have also surfaced showing a fiery wreckage at the crash site. AdvertisementAdvertisementRussia's Federal Air Transport Agency claimed on Wednesday that the bodies of the 10 deceased passengers were retrieved from the crash site, signaling a moving investigation. "In early stages, the most important thing is to get on scene and secure the wreckage, so that it can't be tampered with," Brickhouse told Insider. Brickhouse added that the crash site, engulfed in flames, could point to a plane that went down with a full gas tank.

Persons: Wagner, Yevgeny Prigozhin, That's, Prigozhin's, Prigozhin, Anthony Brickhouse, Brickhouse, It's, Putin, Russia's, Alexander Lukashenko Organizations: Service, Novosti, Street, National Transportation Safety Board, Embry, Riddle Aeronautical University, CNN, Air Transport Agency, Belarusian Locations: Wall, Silicon, Tver, Moscow, Russia, Ukraine, Russian, Rostov, Belarus, Africa

☆ Russian Putin critics like Prigozhin who met an early death
▼ + stars: | 2023-08-24 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +14 min

No evidence has been presented that points to the involvement of the Kremlin or Russian security services in the crash. Nemtsov’s death came two days before he was set to lead an opposition rally in the Russian capital. Alexander PerepilichnyyOver the years, suggestions have emerged of the possible use of a rare plant poison in the death of Russian financier Alexander Perepilichnyy. ANDREY SMIRNOV/AFP/AFP/Getty ImagesRussian lawyer Sergei Magnitsky died in a Russian prison in 2009. The most prominent voice of dissent in Putin’s Russia, the lawyer, politician and corruption activist for years orchestrated massive street protests.

Persons: Yevgeny Prigozhin’s, Wagner, –, Bill Browder, “ Putin, Boris Nemtsov, Boris Yeltsin, Ilya Yashin, Nemtsov, Vladimir Putin, ”, Nemtsov’s, Boris Berezovsky Boris Berezovsky, Warrick Page, Boris Berezovsky, Putin, Berezovsky, Alexander Perepilichnyy, Perepilichnyy, Sergei Magnitsky, ANDREY SMIRNOV, Magnitsky, Browder, Alexander Litvinenko Alexander Litvinenko, Alexander Litvinenko, Litvinenko –, Robert Owen, Putin “, Litvinenko, Marina Litvinenko, Anna Politkovskaya, JENS SCHLUETER, Lom, Ali Gaitukayev, Politkovskaya, Chechen Republic …, ” Drownings, Prigozhin, Gennady Lopyrev –, “, Lopyrev, Pyotr Kucherenko, Pavel Antov, Vladimir Budanov, Budanov, Alexander Buzakov, Anatoly Gerashchenko, Ravil Maganov, Lukoil, Maganov “, Alexey Navalny, Navalny, Mikhail Khodorkovsky, Sergei Skripal, Skripal, Yulia Organizations: CNN, Kremlin, Getty, Republican Party of Russia, Party, Newsweek, of Justice, Royal Botanic, AFP, Getty Images, Hermitage Capital, KGB, Authorities, The, Protect Journalists, RIA Novosti, Russia’s, Science, Higher Education, Gazprom, Lukoil, Reuters, Moscow Aviation Institute, TASS, Putin’s United, “ Locations: Russia, Boris Nemtsov Russian, AFP, Moscow, Ukraine, Russian, London's, Europe, England, Soviet Union, Britain, Surrey, London, Kew, American, Chechnya, Leipzig, Germany, The New York, Chechen Republic, Washington, Gelendzhik, ”, Cuba, India, Putin’s Russia, Putin’s United Russia, United States

☆ What to Know About the Plane Crash Linked to Yevgeny Prigozhin
▼ + stars: | 2023-08-24 | by ( Matthew Mpoke Bigg | More About Matthew Mpoke Bigg | ) www.nytimes.com time to read: +1 min

One day after the crash, here’s what to know. The plane that listed Mr. Prigozhin as a passenger left Moscow’s Sheremetyevo airport on Wednesday at about 6 p.m. local time, bound for St. Petersburg. It crashed in a wooded area near the village of Kuzhenkino, in Tver region, less than 100 miles northwest of Moscow. The shaky video, which appears to have been shot from a cellphone, did not show the plane’s impact. The paint and a partial registration number, RA-02795, visible on the aircraft match a jet that Mr. Prigozhin is known to use.

Persons: Yevgeny V, Russian Wagner, Prigozhin Organizations: RIA Novosti, Embraer Locations: Russian, Moscow, Sheremetyevo, St . Petersburg, Kuzhenkino, Tver

The plane that listed Mr. Prigozhin as a passenger left Moscow’s Sheremetyevo airport on Wednesday at about 6 p.m. local time, bound for St. Petersburg. The paint and a partial registration number, RA-02795, visible on the aircraft match a jet that Mr. Prigozhin is known to use. Was Mr. Prigozhin killed? American officials said they could not confirm Mr. Prigozhin had been killed in the plane crash, or why the jet went down. Emerging from jail as the Soviet Union was collapsing, Mr. Prigozhin began his post-criminal career selling hot dogs on street corners in St. Petersburg, Russia.

Persons: Yevgeny V, Russian Wagner, Prigozhin, Prighozin, Dmitri Utkin, Wagner, Vladimir V, Putin, Mr, ”, Prighozhin, Putin’s Organizations: RIA Novosti, Embraer, Russian, Kremlin, Central African Locations: Russian, Moscow, Sheremetyevo, St . Petersburg, Kuzhenkino, Tver, Western, Kremlin, Russia, South Africa, Ukraine, Soviet Union, Bakhmut, Syria, Libya, Mali, Central African Republic, Belarus

☆ An old video of Vladimir Putin saying 'betrayal' is absolutely unforgivable has resurfaced after Wagner boss Yevgeny Prigozhin's plane crash
▼ + stars: | 2023-08-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The clip resurfaced on X, formerly Twitter, after Yevgeny Prigozhin's plane crashed on Wednesday. The downing of Prigozhin's plane has fueled speculation that Putin was behind it. Russian media outlet RIA Novosti also released footage of what it claims is Prigozhin's plane spiraling out of the sky before hitting the ground. The circumstances of Prigozhin's plane crash have fueled speculation that Putin ordered his death. Wagner-affiliated social media channels have claimed unspecified air-defense systems in Russia took out Prigozhin's plane.

Persons: Vladimir Putin, Yevgeny Prigozhin's, Putin, Wagner, Prigozhin, Ravil Maganov, Pavel Antov, Antov, Bill Burns Organizations: Service, TASS, Novosti, Russian, CIA Locations: Wall, Silicon, Russian, Tver, Moscow, Ukraine, Belarus, Russia, India, Aspen

General Sergei Surovikin, commander of Russian forces in Ukraine, visits the Joint Headquarters of the Russian armed forces involved in military operations in Ukraine, in an unknown location in Russia, in this picture released December 17, 2022. His reported removal suggests the authorities found fault with his behaviour, but the details of his alleged wrongdoing remain unknown. Surovikin earned the nickname "General Armageddon" during Russia's military intervention in Syria for the brutal tactics he employed there. He was placed in charge of Russian military operations in Ukraine last October, but in January that role was handed to General Valery Gerasimov, the chief of the general staff, and Surovikin was made a deputy to Gerasimov. Afzalov was previously deputy to Surovikin and has been chief of staff of the Aerospace Forces for at least four years, according to British military intelligence.

Persons: Sergei Surovikin, Surovikin, Wagner, Yevgeny Prigozhin, Prigozhin, Russian Air and Space Forces Sergei Surovikin, Viktor Afzalov, General Valery Gerasimov, Afzalov, Andrew Osborn, Mark Trevelyan Organizations: Sputnik, REUTERS, RBC, Telegram, Ministry of Defence, Russian Air and Space Forces, Main Staff of, Air Force, Reuters, Aerospace Forces, Thomson Locations: Ukraine, Russian, Russia, Kremlin, MOSCOW, Moscow, Syria, Gerasimov, Surovikin

☆ Explosion, smoke reported in Moscow business district - RIA
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: 1 min

Aug 23 (Reuters) - An explosion was heard in Moscow's business district early on Wednesday, Russia's RIA news agency reported. The agency also said that smoke was seen in the area. One of the buildings in the central district, 5 kilometers (3.1 miles) from the Kremlin, was hit by a Ukrainian drone early on Saturday. Reporting by Maria Tsvetkova in New York; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Maria Tsvetkova, Jacqueline Wong Organizations: Kremlin, Thomson Locations: Ukrainian, New York

CNN —Yevgeny Prigozhin, the chief of Russian mercenary group Wagner, was on the passenger list of a plane that crashed northwest of Moscow, killing all 10 on board, according to Russian state media. The bodies of eight people have been found at the crash site, state media outlet Russia 24 reported. Earlier, TASS reported the plane “burned up” on impact after being in the air for about half an hour. One of two Wagner planesVideo published by Russian state media outlet RIA Novosti showed a plane falling out of the sky with one wing missing. A separate video, also released by RIA Novosti, purports to show plane engine debris at the crash site.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, “, Vladimir Putin’s, Reuters Wagner, ”, Volodymyr Zelensky, Joe Biden, Putin, ” Biden, I’m, FlightRadar24, Don –, Biden, Bill Burns, Antony Blinken, Burns, ” Burns, ” Blinken Organizations: CNN, Embraer, Federal Air Transport Agency, Russian Ministry of Emergency Services, TASS, Russian Investigative Committee, Wagner, Ostorozhno, Reuters, Nazi, Novosti, RIA Novosti, Wagner Group, Biden, Kremlin, CIA, NATO Locations: Moscow, Tver, Kuzhenkino, Russia, Belarus, Russia's Tver, Ostorozhno Novosti, Soledar, Ukraine, Ukrainian, Kursk, Soviet, Nazi Germany, Rostov, –, St, Petersburg, United States

CNN —A top Russian general who went missing after the mercenary group Wagner’s insurrection in June has been fired from his role as head of the country’s aerospace forces, Russian state media reported Wednesday citing unnamed sources. Gen. Sergey Surovikin has spent four decades as part of the Russian military, including a brief stint running Russia’s war effort in Ukraine. A Russian lawmaker said in July that Surovikin is “resting.”Documents shared with CNN in June suggested that Surovikin was a secret VIP member of Wagner. As the head of the aerospace forces, Surovikin oversaw the Kremlin’s campaign in Syria, during which Russian combat aircraft were accused of causing widespread devastation in rebel-held areas. Surovikin’s official bio on the Russian Defense Ministry’s website still lists him as the head of the aerospace forces.

Persons: Sergey Surovikin, Surovikin, Wagner, Yevgeny Prigozhin, Sorovikin, Gen, Viktor Afzalov, Surovikin’s, Ivan Popov, Vladimir Putin, Gleb Irisov, –, ” Irisov, KIRILL KUDRYAVTSEV, Alexey Venediktov Organizations: CNN, The New York Times, RIA Novosti, Aerospace Forces, Moscow’s Defense Ministry, Kremlin Press Office, Russian, Human Rights Watch, Getty, Ministry of Defense, RBC, Russian Defense, Russian Ministry of Defense Locations: Russian, Ukraine, Kerch, Crimean, Russia, Afghanistan, Syria, Moscow, AFP

☆ UK says a supersonic Russian bomber likely to have been destroyed in drone attack
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Host Photo Agency/RIA Novosti/File Photo Acquire Licensing RightsAug 22 (Reuters) - British military intelligence said on Tuesday that a weekend drone attack on an airfield deep inside Russia which Moscow blamed on Ukraine is highly likely to have destroyed a TU-22M3 supersonic long-range bomber. Kyiv, which on Monday claimed to have attacked another Russian military airfield, says Russia has used the TU-22M3 to bomb targets across Ukraine. Russia's Defence Ministry said on Saturday that a military airfield in the Novgorod region where such planes are stationed had been attacked by a Ukrainian drone and one plane had been damaged. 'SUCCESSFUL ATTACK'In one of its regular updates on Ukraine, British military intelligence said that "a Tu-22M3 BACKFIRE medium bomber of Russia's Long Range Aviation (LRA) was highly likely destroyed at Soltsy-2 Air base in Novgorod Oblast, 650 km (403 miles) away from Ukraine’s border". Russia has often used supersonic TU-22M3 planes to bomb Ukraine, it added, criticising what it called the "notoriously inaccurate" heavy anti-ship missiles which the plane fires.

Persons: Andrew Osborn, Gareth Jones, Giles Elgood Organizations: Tupolev, REUTERS, Agency, RIA, Moscow, Russia's Defence, Aviation, Thomson Locations: Moscow, Russia, Ukraine, Kyiv, Novgorod, Ukrainian, British, Soltsy, Novgorod Oblast, Ukraine’s

☆ Goldman Sachs weighs selling part of wealth business in broad strategy revamp
▼ + stars: | 2023-08-21 | by ( Saeed Azhar | ) www.reuters.com time to read: +3 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. The purchase was aimed at broadening Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. High net worth individuals - who would fall within the business Goldman is considering selling - typically have about $1 million to $10 million to invest. Goldman's wealth business has lagged behind rivals, including Morgan Stanley (MS.N), where CEO James Gorman built the wealth management arm through a series of acquisitions that generate steady income from fees. The bank plans to grow its core wealth business serving ultra-high-net-worth clients, reiterating aspirations from its investor day in late February.

Persons: Goldman Sachs, Andrew Kelly, David Solomon, Goldman, Stephen Biggar, They've, Biggar, RIA, Morgan Stanley, James Gorman, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue, Sharon Singleton, Jonathan Oatis, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Argus Research, RIA, United Capital Financial Partners, Thomson Locations: New York City , New York, U.S, Ayco

☆ Goldman Sachs weighs sale of part of its wealth business
▼ + stars: | 2023-08-21 | by ( Saeed Azhar | ) www.reuters.com time to read: +3 min

The purchase aimed to broaden Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. The potential divestments come after CEO David Solomon reorganized the firm into three units last year and scaled back ambitions for its loss-making consumer business. Goldman's wealth business has lagged rivals, including Morgan Stanley (MS.N), where CEO James Gorman built the wealth management arm through a series of acquisitions that generate steady income from fees. The bank plans to grow its core wealth business serving ultra-high net worth clients, reiterating aspirations from its investor day in late February. Other core wealth businesses include workplace financial planning through Ayco, and Marcus savings, Goldman said.

Persons: Goldman Sachs, Andrew Kelly, Goldman, RIABiz, David Solomon, Stephen Biggar, They've, Biggar, Morgan Stanley, James Gorman, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, GreenSky, RIA, United Capital Financial Partners, Argus Research, Thomson Locations: New York City , New York, U.S, Ayco

☆ Putin meets top generals in charge of Russia's war efforts in Ukraine
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +2 min

Russian President Vladimir Putin addresses participants of the international military-technical forum Army-2023 via a video link in Moscow, Russia, in this picture released August 14, 2023. "Vladimir Putin held a meeting at the headquarters of the special military operation group in Rostov-on-Don," the Kremlin said in a statement. Russia, which launched its invasion in Ukraine in February 2022, calls its actions a special military operation. The Kremlin added that Putin, Russia's supreme commander-in-chief, listened to reports from Valery Gerasimov, the chief of the General Staff of the Army in charge of Moscow's operations in Ukraine, and other top military commanders and officers. Gerasimov, who has been seen rarely in public in recent months, had been the target of savage criticism from Wagner mercenary leader Yevgeny Prigozhin and some Russian military bloggers over Russia's failings in the war.

Persons: Vladimir Putin, Mikhail Klimentyev, Putin, Russia's, Valery Gerasimov, Wagner, Yevgeny Prigozhin, Maria Tsvetkova, Mrinmay Dey, Lidia Kelly, William Mallard, Kim Coghill Organizations: Sputnik, REUTERS, Kremlin, Staff, Army, Thomson Locations: Moscow, Russia, Kremlin, Ukraine, Rostov, Ukraine's, Russian, Urozhaine, Donetsk, Azov, Crimea

☆ How Mexican narcos use remittances to wire U.S. drug profits home
▼ + stars: | 2023-08-18 | by ( Reuters Graphic | ) www.reuters.com time to read: +28 min

Now the news agency is the first to detail how Mexican drug gangs have harnessed legitimate remittance networks to repatriate their U.S. drug profits, and the factors that make this activity so difficult for authorities to detect and thwart. But authorities say Mexican drug cartels are piggybacking on this legal network to repatriate earnings from U.S. narcotics sales. A Reuters search of Mexican court records dating back to 2012 turned up no cases involving money laundering through remittances. Still, prosecutors in those cases mentioned several of those firms in court documents because they said the defendants had used their platforms to wire drug money. His office did not respond to requests for comment about law enforcement allegations that Mexican cartels are using remittances to launder drug money.

Persons: Money, ”, “, Andrés Manuel López Obrador, ” Jorge Godínez, ” Godínez, John Cornyn of, Chuck Grassley, ” Grassley, pocketing, John Horn, remitters ”, Horn, – Oscar Gustavo Perez, Bernal, Itzayana Guadalupe Perez, Susan Fiorella Ayala, Chavez –, Los, –, Jose Luis Rosales, Ocampo, Josue Gama, Perez, Thania Rosales, Dulce Rosales, – Ana Lilia Leal, Martinez, Ana Paola Banda, Maria de Lourdes Carbajal, Henri Watson, Carbajal, Sigue, Sangita Bricker, Transfast –, ” Sigue, Transfast, fanny, Juan de Dios Gámez, Rubén Rocha, BanCoppel, Banorte, hadn’t, El, López Obrador, ” López Obrador, Signos, Signos Vitales, Oquitoa, Enrique Cardenas, Tim Walz, Keith Ellison Organizations: Sinaloa Cartel, Reuters, Jalisco New, Mexican, WorldRemit, ., National Intelligence, narcos, U.S, Republican U.S, Treasury, U.S . Department of, U.S ., Financial Intelligence Unit, “, Federal Bureau of Prisons, Los Rosales, Kansas City, ”, Leal, IDT Corporation, IDT, Mastercard, Express Cellular, Prosecutors, IRS, Western Union, U.S . Department of Justice, Federal Trade Commission, ‘, Banco Azteca, Elektra, World Bank, Minnesota, Caborca Locations: CULIACÁN, Mexico, Mexican, Culiacán, Sinaloa, United States, Jalisco, U.S, Colorado, Union, Americas, London, John Cornyn of Texas, Iowa, Ohio, Colorado , Georgia , Ohio , Oklahoma , Texas, Virginia, Washington, Georgia, Atlanta, Columbus, Rosales, Nayarit, Michoacan, Missouri, Texas, Florida, New Jersey, Miami, , New Jersey, Ria, Kansas, California, New York, Western, Sinaloan, Costa Rica, BanCoppel, India, China, Mexico City, Minnesota, Arizona , Colorado , Florida , Illinois, New Mexico, Nevada, Oquitoa, Sonora

☆ Moscow court arrests American national for 'espionage' -Russian news agencies
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: 1 min

The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023. REUTERS/Stringer/File Photo Acquire Licensing RightsAug 17 (Reuters) - A Moscow court has arrested U.S. citizen of Russian origin Gene Spector on suspicion of espionage, Russian news agencies reported on Thursday. The agencies provided no details of the charges, but according to RIA, in 2022 Spector was sentenced to 3.5 years in prison for his role in bribing the assistant of ex-Russian Deputy PM Arkadiy Dvorkovich. The court session was held behind closed doors as the case materials are classified, Interfax reported. Reporting by Maxim Rodionov Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Stringer, Gene Spector, Spector, Arkadiy, Maxim Rodionov, Chris Reese Organizations: Kremlin Senate, REUTERS, RIA, Thomson Locations: Russian, Kremlin, Moscow, Russia

☆ Fact Check-Clip of 2014 Russian gas station explosion edited to add light beam
▼ + stars: | 2023-08-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A clip of a 2014 explosion at a gas station in Russia has been edited to make it appear as if a light beam was responsible for the fire. The earliest iteration Reuters could find of the unedited video was uploaded by a Russian news agency RIA Dagestan on Aug. 9, 2014 (timestamp 1:10) (youtu.be/-zvo7xXs-T0?t=72). The explosion was caused by a gas leak in the city of Makhachkala in Russia’s Republic of Dagestan, an RIA Dagestan report said (here). Reuters located the video to Prospekt Imama Shamilya, Makhachkala – the same location listed in the RIA Dagestan report (bit.ly/3saxAtT). The video has been online since at least August 2014 where no such beam can be seen before the explosion.

Persons: Read Organizations: Naval Research, Reuters Locations: Russia, Russian, Dagestan, Makhachkala, Russia’s Republic of Dagestan

☆ VIDEOS: Russia shows off purported war trophies — prized Western weapons captured in Ukraine — at a new military theme park exhibit
▼ + stars: | 2023-08-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

New photos and videos show a Russian exhibit of captured Western tanks and artillery from Ukraine. ALEXANDER NEMENOV/AFP via Getty ImagesAnd destroyed Ukrainian weapons were also included. Prior to this new display of Western assets, Patriot Park had exhibits of captured Ukrainian armored vehicles and patrol boats, as well as T-72 tanks. ALEXANDER NEMENOV/AFP via Getty ImagesUkraine has their own exhibit of wrecked Russian military equipment, which opened last June. Ukraine has also managed to capture functional Russian weapons, which has put back in service to help fuel combat actions, including the ongoing counteroffensive.

Persons: it's, that's, Kalashnikov, ALEXANDER NEMENOV, Russia's Organizations: Service, NATO, RIA Novosti, Moscow Conference, International Security, Russian, Armored Vehicle Husky, Navistar, Getty Locations: Ukraine, Swedish, Kyiv, Wall, Silicon, Russian, Moscow, Russia, American, USA, Kubinka, AFP, Ukrainian

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