Market Review – October 2024
US market indexes have displayed remarkable resilience, remaining in positive territory despite a backdrop of increased volatility in October. The S&P 500 recorded a gain of 2.2%, while the Nasdaq surged by over 4.5%. This period of market performance comes amid escalating geopolitical tensions in the Middle East, combined with mixed reactions to the corporate […]
Case Study: $15M equity release financing solution for UAE resident
GSB Private Finance was presented with a unique challenge—a UAE resident and UK passport holder seeking equity release on an unencumbered property on Palm Jumeirah. Traditional local bank channels proved unviable, so GSB crafted a tailored solution that met the client’s complex needs and circumstances. Key Details: UAE Resident/UK Passport holders Equity release instruction on […]
Market Review – September 2024
Global stocks entered September on a high note, recovering from a pullback that saw the S&P 500 index decline by 8.5% as of August 5 from its mid-July record. The markets sold down hastily at the start of last month due to growing concerns about the U.S. growth outlook and the unwinding of the popular […]
How GSB defines success: Building a business on people, values, & growth
Read here what Alison Whatnall, Co-Founder & Group COO at GSB, had to say about redefining success and creating a purpose-driven culture at GSB. “In today’s fast-paced world, defining success solely by financial performance seems outdated. At GSB, we’ve evolved our definition of success to encompass much more. For us, it’s about the contribution and […]
Market Review – August 2024
After a dramatic selloff in global markets at the beginning of the month, driven by fears surrounding the U.S. economy, markets have largely stabilized. Major U.S. indexes have reclaimed their lost ground and recorded their best two-week performance of the year. The Nasdaq surged by 8.13%, while the S&P 500 rose by 7.8% from its […]
Market Review – July 2024
For the month, the small-cap Russell 2000 index has produced returns of over 10%, outperforming both the S&P 500 and Nasdaq indices. The S&P 500 is reporting a mixed bag of results for the second quarter of 2024. Despite this mixed picture, the index constituents are reporting higher earnings for the second quarter, achieving their […]
Market Review – June 2024
The US indices, both S&P 500 and Nasdaq broke their latest records last week, with returns of 3.7% and 5.8% for the month. Nvidia, being the artificial intelligence torchbearer, briefly took the spot as the world’s most valuable company as its market capital surpassed Microsoft’s. At the peak of its frenzy, it was more valuable […]
GSB are B Corp,™
GSB is thrilled to announce its achievement of Certified B Corporation,™ (B Corp,™) status, joining a global community of businesses dedicated to high social and environmental performance standards. This certification reflects GSB’s commitment to balancing profit with purpose and reinforces our dedication to addressing some of the world’s most pressing challenges through responsible business practices. […]
Market Review – May 2024
As we inch closer to completing the first half of 2024, the US economy continues to surprise to the upside, while stocks flirt with all-time highs. Wall Street’s three major indexes returned record gains this month with technology stocks taking the lead. The S&P 500 advanced 5% in May, and the Nasdaq Composite rallied approximately […]
Quarterly Market Update Q1 2024
Insights and analysis on global markets from GSB. In the first quarter of 2024, global financial markets experienced notable movements driven by economic resilience and technological advancements. The US stock market led the charge, with the S&P 500 rising over 10%, fuelled by optimism around artificial intelligence and robust economic indicators. Despite expectations of significant […]