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“# Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks ” Warren Buffett’s Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that’s also popular among the country’s Bitcoin investors. In a securities filing late Monday, the industrials conglomerate…
“# Bank of America says stablecoin adoption and CBDC is ‘inevitable’ ” It appears that the U.S. will finally be moving forward to create its own central bank digital currency (CBDC) according to the Bank of America. Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a Jan. 24 note that CBDCs…
“#Consumers spending at ‘faster rate’ than ever: Bank of America CEO” The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter. In an interview this month with the…
“#Bank of America execs warn junior staffers to ‘dress down’ as NYC crime surges” Amid a surge in some New York City violent crime, Wall Street bigwigs continue to encourage younger staffers to come into the office — but to do so with caution. At Bank of America, senior executives have quietly encouraged younger employees…
“# Top U.S. banks offer big incentives to lure crypto talent ” Top U.S.-based banks and financial institutions have filled more than 1,000 positions for crypto experts in the past three years. According to a Nov. 1 report from Bloomberg, financial institutions are offering significant bonuses to attract crypto talent, with human resource consultant Johnson…
“# Finance Redefined: MakerDAO goes green and BoA bullish on DeFi, Oct. 1–8 ” Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. Blogging platform Mirror expanded to the public market this week. Read on to discover the impact of this move for Ethereum wallet holders. What you’re about to read is…
“# Bank of America identifies 20 high profile US companies with crypto exposure ” Walt Disney, Fox Corporation, and JP Morgan are among a list of 20 publicly traded U.S. companies with some level of exposure to crypto and digital assets, based on data by Bank of America, or BofA. According to a BofA report…
“# Bank of America offers bullish outlook for DeFi and NFTs ” The Bank of America Corporation (BoA) has published a research report offering a bullish outlook for the long-term prospects of cryptocurrency. The report, published on Oct. 4 by BoA subsidiary, BofA Securities, offers a nuanced appraisal of the digital asset sector that highlights…
“#Former Merrill Lynch CEO Dave Komansky dead at 82” There was a time when it didn’t matter what school you went to or whether you had a fancy MBA. If you were smart and hungry, you could have a career on Wall Street — and even run a big firm. Dave Komansky, the former longtime…
“#Two top execs at Bank of America to retire at year’s end” Bank of America Corp Vice Chairman Anne Finucane and Chief Operating Officer Thomas Montag will retire from their positions, the bank said in a statement on Thursday. Both Finucane and Montag will remain in their roles until the end of the year, BofA said, with succession plans set…