Finance

Banks are starting to headhunt actively again after years being fairly passive following the global financial crisis, a prominent recruiter said on Thursday. This time however, their focus will be on digital and fintech staff, said Declan O’Sullivan, managing director of search firm Kerry Consulting. The rising influence of digital and banking-specific technology — so-called
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Massachusetts’ top securities regulator said his office is qualified to issue a warning on bitcoin because the digital currency is “entirely speculation.” “It doesn’t pass the smell test,” William Galvin, secretary of the Commonwealth of Massachusetts, said Wednesday on CNBC “Fast Money.” “There is no product here. This is entirely speculation. That’s already been proven
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JPMorgan Chase will pay $2.8 million to settle charges that a broker-dealer unit lacked sufficient controls to safeguard customer securities from several countries over more than eight years, a U.S. regulator said on Wednesday. The Financial Industry Regulatory Authority said JPMorgan Clearing created hundreds of millions of dollars of deficits by violating U.S. rules designed
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There have been doubts about whether proceeds from Chinese green bonds are used to finance projects that truly help the environment. For instance, the People’s Bank of China and the National Development and Reform Commission allow green bonds to fund “clean” coal projects — something that many regulators overseas would not allow, according to a
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Check out the companies making headlines after the bell Tuesday: Energous stock surged more than 65 percent after the bell. The charging technology company announced it received Federal Communications Commission approval for its propriety WattUp transmitter. The much-hyped router purports to charge devices wirelessly, using Radio Frequency projections. The certification is the first of its
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Yes, it’s a bull on a goddamn pogo stick, vaulting over a bear. Talk about tempting fate… But so what. If fading this cover is your idea of “managing money”, maybe retire. If mocking it is your idea of cleverness, delete your account. It’s an old joke that hasn’t been funny in a decade. Here’s
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The Wells Fargo Investment Institute sees the tax overhaul as a game changer. Scott Wren, the firm’s senior global equity strategist, says there’s a high probability the stock market could see a 10 percent gain or more next year because it’s single-handedly lengthening the recovery. “This tax package is definitely a kicker, and it’s going
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Getty Images A computer screen at the Cboe Global Markets exchange (previously referred to as CBOE Holdings, Inc.) shows Bitcoin cash and futures prices on December 19, 2017 in Chicago, Illinois. Cboe Global Markets has applied with the SEC to list six bitcoin-related exchange-traded funds as the company bets further on the emerging new asset
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Bitcoin hit a record high above $19,800 Sunday but had plunged 47 percent from that level to a low of $10,400 on Coinbase Friday in a volatile trading session. The former Fortress macro hedge fund manager said on CNBC’s “Fast Money” on Dec. 12 that he was going to launch his fund at the end
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However, the declines followed a volatile few days for cryptocurrencies. The bitcoin offshoot, bitcoin cash, soared to record highs above $4,000 Wednesday, as crypto-marketplace Coinbase made a rocky attempt to make it possible for people to buy and sell the digital currency. However, bitcoin and bitcoin cash fell Thursday, and losses accelerated in the evening.
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