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“# Crypto banks are going to swallow fiat banks in 3 years — or even less ” Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that can host both crypto and fiat…
“#Shaquille O’Neal, MLK’s son and ex-Disney execs team up for tech deal” Shaquille O’Neal is teaming up with three former high-ranking Disney execs and one of Martin Luther King Jr.’s sons to make deals in the media and technology space. The new group, called Forest Road Acquisition Corp., aims to raise $250 million for potential…
“# Senior Japanese official fears China being ‘first-mover’ in digital currency ” Japanese banking officials continue to voice concern over China’s progress in the development of its central bank digital currency. Kenji Okamura, vice-finance minister for Japan’s international affairs, warned the global community of the potential risks of China’s digital yuan, Reuters reported Oct. 9….
“#Wells Fargo lays off 700, sees deeper cuts to come” Charlie Scharf is kicking more folks off the stagecoach. The Wells Fargo chief has resumed layoffs after his plans were stymied by the onset of the coronavirus, and will move forward with deeper job cuts as he gets back to cutting costs at the scandal-plagued…
“#David Solomon is making it harder to get to the top at Goldman Sachs” David Solomon wants to make Goldman Sachs the most exclusive club on Wall Street once again. The CEO, known for side-gigging in the Hamptons as a DJ, is clamping down on who makes it into the $2 trillion megabank’s inner circle…
“#Clover Health set to go public through blank-check company” Clover Health, a Medicare-focused insurance startup based in Jersey City, NJ, said Tuesday it will go public after merging with the latest blank-check company from Silicon Valley investor Chamath Palihapitiya. Clover, which has more than 57,000 members in seven states, will be valued at $3.7 billion….
“#Wall Street tech investors fear the ‘Nasdaq Whale’ is back” The colorful Japanese billionaire behind the summer’s unexpected tech rally — and subsequent declines — appears to be up to his old tricks. Masayoshi Son, the 63-year-old founder and CEO of SoftBank, was unmasked as the so-called “Nasdaq Whale” in early September after it was…
“#Female banker emerges as possible successor to Goldman Sachs CEO” Wall Street can stop wondering who the most powerful woman at Goldman Sachs might be. Goldman Chief Executive David Solomon announced Tuesday that he has shuffled the executive ranks once again, this time making Stephanie Cohen co-head of the $2 trillion megabank’s consumer banking and…
“#London gaining on New York in financial centers ranking” Wall Street is barely hanging onto its title as the global financial capital. A new ranking of the world’s top finance centers placed New York City only slightly ahead of London, suggesting the British hub could soon retake the crown. The cities’ rankings on the latest…
“#’Stop growing so much weed’” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com After seeing its stock plunge almost 80 percent this year, Canadian cannabis giant Aurora is now being advised to “please stop growing so much weed.” The plea came in the form of a research note from MKM Partners…