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
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
Keith Skeoch chaired the UK Government’s Ring-Fencing and Proprietary Trading Review, and is the former co-chief executive of Standard Life Aberdeen The ring-fencing regime was introduced following the financial crisis and broadly required banks to separate their retail businesses from investment banking. In the same way RBS became the poster child of the financial crisis, … Read more
Elon Musk’s newly disclosed 9.2% stake in Twitter Inc. has made him the largest shareholder of the social media-company, topping co-founder and former Chief Executive Jack Dorsey and elbowing out numerous financial institutions. Mr. Musk reported owning almost 73.5 million shares of Twitter as of March 14, according to a securities filing Monday. .
BlackRock founder Larry Fink declared that the Russia-Ukraine war is bringing the era of globalization to an end, but investors should keep in mind that the global economy and the financial system can not turn on a dime, analysts say. “There is a lot of talk about countries going back to local production and the … Read more
Russia’s invasion of Ukraine has created a conundrum for US investment firms, pressuring them to unload Russian securities when the country’s stock market is closed and foreigners are blocked from selling shares there. In response to sanctions and other steps the US and other countries have taken to punish Russia, the Moscow exchange suspended stock … Read more