A new, tech-savvy generation of wealthy clients and family offices are creating opportunities for fintech startups, challenging traditional private banks who have been slow to meet these demands.
The company has suffered a series of blows, which began with a high-profile exposé from The Wall Street Journal last year that called the company's underlying technology into question.
Ingvar Kamprad celebrated his 90th birthday today. Worth an estimated $39.3 billion, the entrepreneur went from a humble beginning to one of the richest people on the planet.