Category: Bank
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Hilbert Group Partners with Xapo Bank to Launch $200 Million Bitcoin Hedge Fund
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Hilbert Capital, a division of Hilbert Group AB, has entered into a significant partnership with Xapo Bank to manage a new Bitcoin hedge fund, according to a press release sent to Bitcoin Magazine. The fund is expected to receive over $200 million in seed capital from Xapo Bank and other…
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Hilbert Group Partners with Xapo Bank to Launch $200 Million Bitcoin Hedge Fund
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Hilbert Capital, a division of Hilbert Group AB, has entered into a significant partnership with Xapo Bank to manage a new Bitcoin hedge fund, according to a press release sent to Bitcoin Magazine. The fund is expected to receive over $200 million in seed capital from Xapo Bank and other…
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Xapo Bank teams up with trading firm Hilbert Group to launch $200m Bitcoin fund
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Hilbert Group partners with Xapo Bank to launch a Bitcoin-denominated hedge fund with an expected capitalization of over $200 million. Quantitative investment firm Hilbert Group has announced a strategic partnership with crypto-friendly Xapo Bank to manage a new Bitcoin-denominated hedge fund. On August 27 press releaseThe Stockholm-based firm said the…
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M&A activity remains subdued in Q2 2024, keeping lid on investment bank fees (NYSE:MS)
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Frank Reporter Global mergers and acquisitions activity remained weak in the second quarter of 2024, S&P Global Market Intelligence said in a recent report. This comes as the Federal Reserve has kept interest rates high in its bid to reduce inflation, making financing deals more expensive. The number of announced…
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Did Taylor Swift create a new era for food bank donations?
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Stephanie Beasley of Chronicle of Philanthropy Published on August 25, 2024 • Read for 6 minutes You can save this article by registering for free here. Or log in if you have an account. FILE – Taylor Swift performs at…
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Expect some comments from the Bank of Canada Governor this weekend
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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IMF chief economist says Bank of Japan rate hikes a good development for Japan
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The Bank of Japan could continue to raise interest rates gradually at a “data-dependent” pace, IMF chief economist Pierre-Olivier Gourinchas told Reuters in an interview at the annual Jackson Hole Economic Symposium on Friday: Inflation is above the bank’s 2% target. Inflation expectations have started to move “perhaps even slightly…
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TD Bank swings to quarterly loss on $2.6 billion provision tied to US probe
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(Reuters) – TD Bank Inc posted a quarterly loss on Thursday after Canada’s second-largest bank set aside C$3.57 billion ($2.63 billion) for fines related to U.S. regulatory probes into its anti-money laundering program. The U.S. regulatory investigations into the bank have been a major drag on TD shares over the…
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Next Bank of Japan intervention may be to sell yen :Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – If the Japanese government is thinking ahead, it may be planning to rein in the volatile yen rather than support it. A two-year cat-and-mouse game between speculators and Japanese authorities — which involved increasing bets against the yen because of widening interest-rate gaps with…
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Bank of Canada to cut by 25 bps in September and October. Eyes on next week’s CPI
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Bank of Canada Governor Tiff Macklem RBC continues to expect the Bank of Canada to cut rates by 25 basis points on September 4 and again on October 23. The market sees a very small chance of a 50 basis point rate cut at one of these meetings, but this…
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Gerald Warui steps down as head of Equity Bank Kenya
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Gerald Warui, Managing Director of Equity Bank Kenya, has left the company, becoming the second senior executive to leave the regional bank in two months. Mr. Warwe, a professional banker, has been with the bank since 1998 and has held various positions. He has been temporarily replaced by the Head…
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Bank of America on Powell speaking at Jackson Hole – to keep aggressive easing option open
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Federal Reserve Chair Jerome Powell will speak during his usual time slot in Jackson Hole, Friday morning of the event at 10 a.m.: Fed Chair Powell to Speak at 10 a.m. ET on August 23 Bank of America says Powell’s speech is unlikely to have much impact on the U.S.…
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Bank of America fund manager survey highlights optimism in a soft landing, equities
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The volatility in August has led to a bit of a reset in the markets, with high-conviction trades tested by rapid declines. But looking at it from a broader perspective, fund managers have a relatively consistent view of a soft landing scenario. “The fundamental optimism for a soft landing (76%)…
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It’s the MLF day in China – No rate cut expected from the People’s Bank of China
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The People’s Bank of China sets the medium-term lending facility rate on the 15th of each month. The rate is currently 2.3%, after the People’s Bank of China made a surprise interest rate cut on the 25th of last month! There is a widespread expectation that there will be no…
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Market pricing is for an Reserve Bank of New Zealand rate cut at its next meeting too
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Reserve Bank of New Zealand decision due soon. Which will it be, a dovish hold or a cut?
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Reserve Bank of New Zealand meet today – BNZ calls for an immediate rate cut
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The Reserve Bank of New Zealand meets at 0200 GMT on Wednesday, which is 2200 EST on Tuesday evening. Previous Previews: RBNZ Monetary Policy Meeting – Reuters poll inconclusive, 19 say hold, 12 say 25bp cut ANZ expects the Reserve Bank of New Zealand to hold interest rates steady next…
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B. Riley stock extends losses after bank delays quarterly report By Reuters
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Written by Manya Saini, Nikit Nishant and Saeed Azhar (Reuters) – Shares of investment bank B. Riley Financial fell to their lowest level in nearly eight years on Tuesday after the company delayed filing its quarterly report with the Securities and Exchange Commission, adding to concerns about a second-quarter loss.…
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Weekend – Bank of America forecast no US recession, Fed rate cuts in September & December
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Bank of America CEO Brian Moynihan spoke about American TV Over the weekend. He warned the Federal Open Market Committee (FOMC): The Fed is in a position where it has to be careful not to slow down too much. He was referring to the planting of spending among consumers: Well,…
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CIBC tweaks rate cut forecasts, sees earlier easing from Fed and Bank of Canada
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…