Business Owners Willing to Work Hard for Greater Control of Their Destiny; Biggest Concerns Are Unknown Impact of Presidential Election, Cybersecurity; Less Than Half Have an Exit Strategy
In its annual survey
of high net worth business owners, U.S. Trust found that business
ownership can be challenging, but most entrepreneurs wouldn’t consider
any other line of work and have personally invested themselves and their
families in their businesses. While there are distinct differences
between younger and older owners, entrepreneurs of all ages share a
strong desire to control their own destiny.
The study of 242 highmore...
Seventy-Seven Percent of High Net Worth Surveyed Came From Low- to Moderate-Income Families
The 2016 U.S.
Trust Insights on Wealth and Worth® survey released today
found 10 common success traits that create a picture of modern day
wealth in America.
“Perceptions of the wealthy in history and popular culture have been
painted with a broad brush that doesn’t reflect the majority of
financially successful people in society,” said Keith Banks, president
of U.S. Trust. “The insights we’ve gained through extensive researchmore...
Bank Expands Cardless ATM Technology to 5,000 ATMs Nationwide in 2016
At the Google IO conference in Mountain View today, Michelle Moore, head of Digital Banking at Bank of America, was on stage with Pali Bhat, senior director of Android Pay to demonstrate that the Bank of America cardless ATM technology now supports Android Pay. The bank also announced plans to expand cardless technology to 5,000 ATMs by year-end starting this month with a rollout to 2,400 ATMs across the country, including the majority of ATMs in the San Francisco Bay and Silicon Valley areas.more...