Why BlackRock is bullish on blockchain, but not bitcoin

BlackRock has no plans to launch a bitcoin product, but is bullish on the blockchain technology that underpins cryptocurrencies, according to one of its most senior executives. “In terms of the underlying technology of blockchain, it is incredibly innovative and incredibly disruptive,” Salim Ramji, global head of iShares and index investments at BlackRock told Financial … Read more

BlackRock exec’s warning: ‘Game over’ for fund manager pay rises

Fund management professionals have been warned that soaring pay and bonuses prompted by an escalating war for talent could soon come to an abrupt end. “The war for talent is real, but some of the pricing that people have been banding around for talent is about to change in a meaningful way,” said Edwin Conway, … Read more

Bitcoin tumbles below $ 21,000 in crypto crash. This chart shows how much worse a selloff could get.

Cryptocurrencies kicked off a new week with deep losses, extending weekend selling following surprisingly high US inflation data and troubles for a major cryptocurrency exchange. Bitcoin BTCUSD, -5.98% has slumped around 17% over the past 24 hours, trading as low as $ 20,889 on Monday night, according to Coindesk data, a level not seen since … Read more

What will it take to get reluctant home sellers to move?

You’ve heard of golden handcuffs. That’s when a company compensates you generously to discourage you from taking a job elsewhere. Some of us restrain ourselves with another type of golden handcuffs: low mortgage rates. Economists dub the phenomenon the “rate lock-in effect.” They say rate lock-in happens when we lash ourselves to the low mortgage … Read more

HSBC Europe boss Lisa McGeough on the bank’s new ‘Dragons’ Den’ and why the poaching risk is waning

When Lisa McGeough joined HSBC in July last year to lead its European investment bank, she faced a task of continuing to turn the business around as she took the reins from bank veteran Philippe Henry, who retired after 32 years at the UK lender. Europe had felt the brunt of a number of cuts … Read more

Conditions Are Ripe for a Deep Bear Market

With the S&P 500 briefly on Friday down 20% from its January peak, it is very tempting to start trying to call the end of the selloff. The problem is that only one of the conditions for a rally is in place, that everyone’s scared. That worked beautifully for timing the start of the 2020 … Read more