Hints and tips:
...Some of the world’s biggest banks — Morgan Stanley, Wells Fargo and Bank of America — are all reportedly lining up to get involved in bitcoin, too....
...result in banks lending less and at higher interest rates....
...Answers at the bottom. No cheating. Rounds FREDdy or not?...
...During that same time period, the price of MEDP declined from $43.79 to close at $43.39. Hedge Fund A’s trading during that time period represented 88.9% of the trading in MEDP....
...Funds suffered $43.2bn of losses on short bets in the US and Europe from Tuesday to Friday inclusive last week, according to calculations by data group S3 Partners, which do not take account of gains that...
...Foreign central banks are moving reserves to rival currencies, and buying gold at a record pace....
...Results: BlackRock, Citigroup, JPMorgan Chase, PNC Financial Services, UnitedHealth and Wells Fargo all report today. One more thing: Our new Central Banks newsletter launches next Tuesday....
...Profits at rival Citibank were up 2 per cent to $3.5bn while at Wells Fargo they rose 60 per cent to $5.8bn. BlackRock, the world’s biggest asset manager, reported profits up 13 per cent to $1.6bn....
...It’s meant that for years Citi’s been lagging behind its peers like Wells Fargo and JPMorgan Chase in things like their stock price performance. Here’s the FT’s US banking editor, Joshua Franklin....
...The biggest contributors — Bank of America, Citigroup, JPMorgan and Wells Fargo — each put in $5bn, with the rest depositing between $1bn and $2.5bn each....
...The IT centre could easily be located in another country so “we’ve got to work harder to actually make it a viable proposition” for workers, he adds. Yet Ireland is awash in cash....
...At least, that is the claimed version of events outlined by the 43-year-old Alberto in a series of explosive lawsuits against other family members — who strenuously deny any wrongdoing....
...Sat in the middle of a cavernous trading floor in a building located near the Bank of England, Crastes struck some visitors as looking like a king at court. But his team tended to see him differently....
...depreciating currencies....
...FTX sent customer withdrawals by wire transfer from the North Dimension bank account, and by at least summer 2021 charged a fee for dollar withdrawals....
...But this is true only in a limited sense. Under post-crisis banking rules, currency and rates trading can be done at the bank holding company level, and therefore take advantage of deposits....
...His account made no sense to us. We’ll see how it holds up after John Ray, FTX’s new chief executive, talks to Congress on December 13. Bankman-Fried, remember, was crypto’s adult in the room....
...From the SEC’s complaint: From the start of FTX’s operations in or around May 2019 until at least 2021, FTX customers deposited fiat currency (eg, US Dollars) into bank accounts controlled by [FTX’s affiliated...
...FTX’s employees paid hundreds of millions of dollars for property in the Bahamas where the firm was located, $135mn for naming rights to a Miami basketball stadium and even racked up a $55,319 tab at the...
...A September Gallup poll prompted the conclusion that “at least half the US workforce is quiet quitting” when it found that half of US workers were “not engaged at work”....
...Users start with 500 “Mana”, an on-platform currency that can be redeemed as a charitable donation at M$100 per $1....
...In a further sign of banks’ efforts to incorporate blockchain technology into their operations, HSBC and Wells Fargo said last week they had agreed to settle currency trades directly on blockchain....
...This is a worry for emerging market governments and corporates that borrowed in foreign currencies, as well as those that borrowed at variable rates....
...that its virtual currency was fully backed by US dollars at all times was a lie”, unquote....
...To cite another example: this week HSBC and Wells Fargo revealed plans to use blockchain to settle foreign exchange transactions between financial institutions....
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