News with the tag "investment bank"

In a significant move signaling its ambitious growth trajectory, leading cryptocurrency platform Blockchain.com has announced the appointment of Justin Evans, formerly the Head of Crypto Investment Banking at Goldman Sachs, as its new Chief Financial Officer (CFO). This strategic hire underscores Bl...

US financial giant Morgan Stanley says the Department of Government Efficiency (DOGE) headed by Elon Musk is likely extremely bullish for the US economy. In a new interview on CNBC, Mike Wilson, Morgan Stanley’s chief investment officer and chief US equity strategist, says that the bank’s “bull case...

Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets may vary, he firmly maintained that BTC i...

A new European Investment Bank report highlights the need for increased innovation financing in the EU to maintain tech leadership and compete globally in key sectors like AI and emerging technologies.

Goldman Sachs is expanding its crypto services, focusing on tokenizing assets. The global investment bank plans to launch three tokenization projects by year’s end. Goldman Sachs continues to see client interest, aiming to innovate investment methods and broaden its crypto product suite. Goldman Sac...

Many of Goldman Sachs’ largest clients are ramping up their activity in the crypto space following spot bitcoin exchange-traded fund (ETF) approvals and BTC price recovery. “The recent ETF approval has triggered a resurgence of interest and activities from our clients,” said Goldman Sachs’ Asia Paci...

JPMorgan says the argument that bitcoin’s market cap would rise to $3.3 trillion if it matched gold in portfolios, implying more than doubling in price, overlooks risk. “It would be unrealistic to expect bitcoin to match gold within investors’ portfolios in notional amounts,” a JPMorgan strategist s...

Major U.S. investment banks are urging caution and flexibility as the crisis sparked by a surprise Hamas attack on Israel earlier this month continues to evolve. Analyst notes from JPMorgan and Morgan Stanley provide insight into how Wall Street is interpreting events on the ground and potential imp...

Rashawn Russell faces up to 30 years in prison for his role in the fraudulent cryptocurrency trading scheme.

According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside the legal business area ...