While I was on hols there, I read up on Turkish politics. Their President Erdogan started as mayor of Istanbul, became PM, then changed their system a couple of years ago from parliamentary democracy to executive presidency, with help from a far-right party; so he can now get on with stuff without annoying MPs getting in the way. When the opposition won a key election in March, he demanded a rerun and lost second time around by an even bigger margin. All very interesting.
“UBS moves back into battle for rich Americans”
Proof, if proof were needed that pretty much everything in financial and corporate worlds goes full circle if you wait long enough. The super-rich are often of no fixed tax abode, and it was allegedly the role of Swiss banks to offer safe and anonymous haven for their...