Bitcoin was modestly lower early Saturday following the so-called halving, an event that sharply cut the issuance of the world’s largest cryptocurrency. The price of Bitcoin has fallen 1.3% to $63,676 over the past 24 hours, holding above $60,000 that it traded at earlier this week amid worries over inflation and the outlook for interest
Greg Guyett oversees a broad range of businesses as the chief executive of HSBC’s global banking and markets unit, a role he took on in October 2022, just before rivals started making deep job cuts. But he’s looking to grow most of these businesses including investment banking, securities services and transaction banking, he told Financial News in a wide-ranging interview.
The specialized lenders known as mortgage real estate investment trusts have a prominent spot on the injured list of players in commercial real estate. Since rising rates started to weigh on real estate borrowers in early 2022, shares of two mortgage REITs— Starwood Property Trust and Blackstone Mortgage Trust —have fallen 15% and 35%, respectively.
Bitcoin and other cryptocurrencies were weaker Friday, struggling into the end of a bearish week for digital assets as Bitcoin plunged after notching an all-time high. While analysts and traders remained bullish on the outlook for crypto, there are still warning signs that a correction may not be over. The price of Bitcoin has fallen
Barclays is preparing a fresh wave of job cuts that will affect hundreds of employees within its investment bank, according to reports. The UK lender, which unveiled a strategy revamp in February in a bid to boost returns and cut costs, will strip out hundreds of roles across investment banking, research and markets, Bloomberg reported.
How are financial advisors feeling about Bitcoin these days? In years past, many have expressed deep skepticism, citing price volatility, regulatory uncertainties, and even cryptocurrencies’ use in criminal activities. While plenty of doubts remain, the landscape has changed. In January, the Securities and Exchange Commission approved 11 spot Bitcoin ETFs. Two of the biggest, BlackRock’s
Bitcoin and other cryptocurrencies fell on Friday in what looked like a short-term correction after a red-hot rally in digital assets. Prices could fall further even as traders continue to be bullish on the outlook for cryptos in the months ahead. The price of Bitcoin dropped 6% over the past 24 hours to below $68,000,
Coinbase , one of the hottest stocks of the past year, still has room to run, according to some analysts. The trading platform’s shares continue to ride the wave of enthusiasm over financial advisors and institutions’ growing adoption of Bitcoin and other cryptocurrencies. Coinbase Global stock has been one of the top performers of the
The new crop of exchange-traded funds offering direct exposure to Bitcoin may have accumulated billions in new assets in the two months since they hit the market, but experts say that’s not because advisors have suddenly jumped on the crypto bandwagon. Most advisors aren’t permitted to talk to clients about the so-called spot Bitcoin funds,
