Citigroup Inc. is shutting down most of its consumer banking operations in Asia, Europe and the Middle East, the latest sign that the original financial supermarket is rethinking how to do business. …
Read More »Coinbase earned more in the first quarter than in all of 2020
Coinbase Global Inc. profited handsomely from bitcoin’s first-quarter rally, generating more profit and revenue in the first three months of 2021 than in all of 2020. The company, which offers a variety …
Read More »Here’s why investors should be looking at old-tech stalwarts right now, says this money manager
Excitement for bullish employment data appears to have faded a bit, with equity futures falling and investors looking for the next catalyst to drive this market higher. And in tune with what …
Read More »The IRS wants to know everything about your Bitcoin holdings, and this subpoena is a reminder
The IRS wants Circle, a Boston-based fintech company that enables trading of various types of cryptocurrencies, to produce account registration information, account activity records, and other materials for clients who had at …
Read More »The intertwined empires of Greensill and Gupta had raised concerns internally for years
The business empires of metals magnate Sanjeev Gupta and financier Lex Greensill supported each other to fuel their growth. But for years executives and close advisers to both entrepreneurs urged the two …
Read More »Oil rises as shipping remains paralyzed in the Suez Canal, but US prices post a weekly loss
Crude oil futures ended higher on Friday when a 220,000-ton cargo ship blocked the Suez Canal for the fourth day in a row and efforts to dislodge one of the world’s largest …
Read More »Payday could be coming for US bank investors.
It’s getting closer to business as usual for the largest banks in the US when it comes to payments to shareholders. The Federal Reserve is now poised to end the special restrictions …
Read More »Major banks, including JPMorgan and Citi, have invested $ 3.8 trillion in fossil fuels since the Paris Agreement.
Banks can commit to being better stewards of the planet by cutting emissions and other actions, but their money keeps the oil pumping for now. Some 60 of the world’s largest commercial …
Read More »Loyalty plans to launch Bitcoin ETFs
Fidelity Investments unveiled plans on Wednesday to launch an exchange-traded fund that tracks the price of bitcoin, fueling the money manager’s push to bring cryptocurrencies into mainstream finance. The ETF, called the …
Read More »Bitcoin, crypto investors will be on the lookout for these 5 questions facing the Biden administration
The stock market recovery from last year’s COVID-driven slide is testament to the unprecedented level of federal stimulus injected into the economy over the past twelve months, but few asset classes have …
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