South Dakota Address Helps Richest Shelter Wealth

Dec. 27 (Bloomberg) -- South Dakota is attracting billionaires seeking to take advantage of tax-friendly trust laws that require little more than renting a local address. In the past four years, the amount of money administered by South Dakota trust companies has tripled to $121 billion, almost all of it from outside the farm state that’s home to two of the 10 poorest counties in the U.S. Bloomberg's Zachary R. Mider reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Nigeria Seen As Top Frontier Market: Serkin
28:18 - Bloomberg’s Gavin Serkin discusses his book on frontier markets and why investors see Nigeria as a top market in the future. He speaks on Bloomberg Television’s "Countdown." (Source: Bloomberg)
  • Surprised by Confidence of Draghi, ECB: Reinhard Cluse
  • Fed Stress Tests Find All 31 Banks Meeting Targets
  • SAP to Cut 3% of Workforce