IB Banks making big money! Canada accuses Indian diplomats, both countries lash out, and Trudeau makes a shocking confession! Check it out!!🔻🔻

Hello Readers,

Did you hear?

Canada has accused Indian diplomats!

There has been a major escalation amid the growing tensions between India and Canada! Canadian Prime Minister Justin Trudeau has named the Indian High Commissioner to Canada and other diplomats as ‘persons of interest’ in the Nijjar murder investigation! He claimed that Indian diplomats were engaged in crimes like homicide and extortion! Moreover, when asked to cooperate with the investigation, Indian diplomats chose not to waive their diplomatic immunity, resulting in Canada expelling 6 Indian diplomats!! What was India’s response?

India has denied it!

India vehemently denied the accusation. In a statement, the Ministry of External Affairs termed the allegations “preposterous imputations” and accused the Trudeau government of dragging India through the mud for his personal “political agenda”! Moroever, the statement also added that Canada promoted an atmosphere of extremism and that India had ‘no faith’ in Canada protecting Indian diplomats as they chose to withdraw their diplomats before Canada could expel them. But that’s not the end.

India has expelled Canadian diplomats!

After PM Trudeau made the allegation against Indian High Commissioner Sanjay Verma, India summoned the Canadian High Commissioner Stewart Wheeler wherein the MEA told the diplomat that Canada’s baseless accusations against Indian diplomats were “completely unacceptable”. Moreover, in a tit-for-tat move, India announced the expulsion of 6 Canadian diplomats as India called the allegation “a deliberate strategy of smearing India for political gains.” However, there is a new twist in this diplomatic conflict!!

Trudeau has made a shocking confession!

In a recent public inquiry over foreign interference in Canadian internal affairs, PM Trudeau made a startling confession. He admitted that when he accused India in September last year, he had no “hard evidentiary proof” and was working on “credible” intel! He also added that Indian diplomats illegally collected information on anti-Modi elements and provided the information to the Lawrence Bishnoi gang who carried out the attacks. This admission has weakened Canada’s stance while cementing India’s. What does India say?

India has blamed Trudeau for this mess!!

After the deposition was aired, India’s MEA released a statement saying that the deposition was proof of what India had been claiming for over a year: that PM Trudeau’s government shared no evidence on the matter. Moreover, the statement also blamed PM Trudeau’s “cavalier behaviour” for the damage to Indo-Canadian ties! Canadian Opposition is moving against Trudeau as news channels have slammed his government. Despite the admission, diplomatic distress between India and Canada is still rising!

Speaking of rising, did you hear about the soaring Investment Banking fees?

Major investment banks have been raking in money in the latest quarter as new IPOs, greater bond issues, and overall higher deal-making have helped these banks earn hefty investment banking fees!

Moreover, with growing optimism for further rate cuts by the US Fed and other major Central Banks, the financial markets have been soaring, helping these firms realize record trading gains and improve their incentive fees from asset and wealth management!

For example, Goldman Sachs reported net revenues of $12.7 billion and reported net profits of $3 billion, 45% higher annually! Moreover, Morgan Stanley made profits worth $3.2 billion in 3 months as its investment banking fees surged a record 52%. Moreover, the amount of money flowing into financial markets is increasing.

According to the latest earnings by BlackRock, the financial services giant gained multiple new clients and reached a record AUM of $11.5 trillion, further cementing its position as the largest asset manager in the world!!

What does this mean? 

This means that you have greater opportunities to join these banks. Due to growing education levels and weak labour laws, these banks are hiring in India to support their global operations. 

With the global investment banking market set to grow at a CAGR of 10.8% in the next 9 years to $214 billion, are you ready to jump into the exciting and rewarding field of Investment Banking?

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