Ray Dalio says a small part of his family office’s portfolio remains invested in China, but there are “real issues” in the country.

One of Banque Lombard Odier & Cie SA’s top bankers criticized a proposal for a 50% inheritance tax on the superrich, saying it could trigger an exodus of wealthy families even before it’s put to a vote.

Rothschild & Co. plans to shut the Chicago office as the French firm shrinks its North American footprint, say people with knowledge of the matter.

British tech tycoon Mike Lynch and Morgan Stanley International Chair Jonathan Bloomer were among the victims found dead on a luxury yacht that sank off the coast of Sicily on Monday.

Rothschild & Co. has shuttered its Miami office after opening it last year, a person familiar with the matter said.

Morgan Stanley International chairman Jonathan Bloomer is among those missing, along with UK tech entrepreneur Mike Lynch, as Italian authorities continue to search the wreckage of the luxury yacht that sank during a storm off the coast of Sicily.