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

Blackstone, Carlyle brace for private equity’s terrible hangover ‘

Despite the sunny weather, the outlook was less rosy this week in Berlin, where the private equity industry met for its annual industry summit. In a week when the S&P 500 stock index fell into a bear market and both the US Federal Reserve and Bank of England raised interest rates, buyout bosses met in … Read more

Zendesk Stock Soars on Report of Fresh Buyout Deal

Text size Pedestrians walk past the entrance to Zendesk headquarters in San Francisco. David Paul Morris / Bloomberg Zendesk soared early Friday after The Wall Street Journal reported the provider of cloud-based customer-service software was in takeover talks with a group of buyout firms. Zendesk (ticker: ZEN) jumped more than 53% to $ 88.95 in … Read more

Zendesk Close to Striking Buyout Deal, Sources Say

Zendesk Inc. is close to a deal with a group of buyout firms, according to people familiar with the matter, resurrecting a failed attempt to sell itself in what would be one of the biggest private-equity takeovers of the year. A deal with a group that includes Hellman & Friedman LLC and Permira could be … Read more

Bitcoin’s nosedive through the $ 20,000 mark is a Minsky Moment for crypto: ‘Psychologically for a lot of people, this is galling’

Is bitcoin BTCUSD, + 4.97% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s No. 1 digital asset was last trading at $ 18,654, down more than 70% from its peak of around $ 65,000, with the broader crypto market … Read more