The conservative private bank Julius Bär and the state-owned Aargauische Kantonalbank (AKB) have both been implicated in risky business dealings with the now bankruptcy-threatened Signa conglomerate. The extent of their involvement has been revealed, with AKB admitting to financing a “troubled department store and real estate investor group” to the tune of 73 million Swiss […]
Investors in crypto asset securities have been warned by Gary Gensler, the current SEC Chair, that they may be deprived of key information and other important protections in connection with their investments. Gensler emphasized that those offering crypto asset investments or services must adhere to applicable laws, including federal securities laws. He also warned of […]
While the current focus in the crypto market is on spot Bitcoin exchange-traded funds (ETFs), Ethereum, the world’s second-largest digital asset, could soon take the spotlight if Bitcoin funds are approved. The total capitalization of the crypto markets has surged to a 21-month high of $1.8 trillion, driven by the hype around spot Bitcoin ETFs. […]
Standard Chartered, a multinational banking firm, has projected a potential surge in Bitcoin’s value to nearly $200,000 by late 2025. This prediction is based on the anticipated success of Bitcoin exchange-traded funds (ETFs) in the US. The bank’s Head of Digital Assets, Geoff Kendrick, and Precious Metals Analyst Suki Cooper believe that US-listed spot Bitcoin […]
As anticipation builds in the crypto world over the potential approval of spot Bitcoin ETFs in the US, major players are making bold predictions. Banking giant Standard Chartered has forecasted a staggering $200,000 target for Bitcoin by late 2025, contingent on ETF approval. This optimistic forecast is underpinned by the belief that spot Bitcoin ETFs […]
Bitcoin pioneer and CEO of JAN3, Samson Mow, has expressed his belief that the price of one Bitcoin (BTC) will eventually reach a million dollars. However, he also warns that if this happens too quickly, it could cause significant disruption and “max pain” for some people.Mow’s company, JAN3, is dedicated to assisting nation-states in adopting […]
While the attack by US investment firm Hindenburg on the Indian Adani Group last year made the most headlines, many other activist campaigns have shaken the boardrooms of companies: from the British major bank HSBC, where activist Ken Lui demanded the breakup of the institution, to the oil giant BP, where climate activists submitted a […]
Standard Chartered, a British multinational bank, has projected that Bitcoin (BTC) will reach a value of $200,000 by the end of 2025. This prediction indicates a more than 300% increase from its current trading value. The bank’s research note released on Monday suggests that the imminent approval of Bitcoin spot ETFs could result in an […]
Citigroup, a New York-based financial institution, is reportedly planning to establish its onshore investment banking unit in mainland China. The bank aims to launch this unit within a timeframe of 12 to 18 months, as per a report by Reuters that cites anonymous sources.The American lender has set a target to accommodate 30 individuals for […]
Despite economic challenges and a scarcity of deals, UBS Group AG, the Swiss multinational investment bank, is steadfast in its goal to bolster its wealth and asset management operations in China. Eugene Qian, the China head of UBS, underscored the strategic importance of the Chinese market and announced the bank’s plan to further expand its […]
