Extremely Wealthy
Billionaires Leveraging Up in Case of Downturn, Banker Says
Billionaires and millionaires in the U.S. are arranging loans to have funds readily available so they won’t have to sell off investments in the event of an economic downturn, according to Jim Steiner, head of Wells Fargo & Co.’s ultra-high-net-worth business. “They always want to have lines in place for…
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Click here to read the full story: Bloomberg