Activity in the U.K. lender’s investment banking arm is spurring the recovery. a vindication for Chief Executive Jes Staley.
The cryptocurrency exchange is the first major bitcoin-focused company to test the U.S. public market. marking a watershed moment for an industry that began a decade ago as an experiment in digital money.
Prices surged to record highs as the coming listing of the largest U.S.-based cryptocurrency exchange propelled interest in digital assets.
The bank reported record profit and revenue in the first quarter. benefiting from a turbocharged market and an economic recovery.
Madcap markets and a blank-check boom kept bankers busy in the first quarter. and more deals are waiting in the wings.
The onetime chairman of the Nasdaq Stock Market and a fixture on Wall Street for decades shocked the world in December 2008 when he confessed his investment business was a multibillion-dollar Ponzi scheme.
Credit Suisse’s investment bank is the Swiss lender’s profit engine. But after the Archegos and Greensill meltdowns. it is expected to be scaled back for safety.
Government officials want to remove blind spots in how they monitor influential investors’ impact on everyday consumers. and the asset-management industry is pushing back.
So far. they have avoided heavy-handed intervention | Finance & economics
The money manager and its lenders tied costs around a $4.4 billion credit facility to BlackRock’s diversity and sustainability goals.