Fintech News
Wealthfront Cuts Fees on Risk Parity Fund After User Backlash
Just two months since announcing its risk parity offering, digital wealth management startup Wealthfront Inc. is cutting the fees after investor backlash.
Barclays Is Said to Be Sounding Out Clients About Trading Crypto
Scott Sullivan joins Raymond James’ employee broker-dealer after 33 years at wirehouse firms.
Bitcoin Surges Most Since December After Breaching Key Levels
Bitcoin surged the most on an intraday basis since December after breaking through key technical levels.
Blankfein Worries About Cybercrime, Less About Trump or Economy
Lloyd Blankfein indicated he’s more worried about rising interest rates and cybercrime than Donald Trump’s tweets or the U.S. economy.
Ex-Goldman Trader Teams Up With Millennials to Make AI Dark Pool
Mathematical formulas, scrawled in red and black, cover a glass wall. The office is small, but the three men who work there, dressed in jeans and sneakers, hovering around an array of computers, have big plans.
The Cure for Hangovers in Fintech M&A? More Fintech M&A: Gadfly
Private equity has ordered a fresh round of drinks at the fintech party. Francisco Capital’s purchase of electronic payments specialist VeriFone Systems Inc. helped to lift shares of French rival Ingenico Group SA on Tuesday amid speculation more deals will follow.
SoFi Names Longtime Goldman Sachs Exec Michelle Gill as CFO
Social Finance Inc. named Michelle Gill as its next chief financial officer, filling a role that has been vacant since last summer.
Credit Suisse Banker Known for Preaching Crypto Is Said to Leave
Credit Suisse Group AG banker Brian Wirtz, known for proselytizing on Bitcoin and blockchain technology, is leaving after five years, according to people familiar with his departure.
Wall Street’s Big Banks Are Waging an All-Out Technological Arms Race
Sunlight bounced off Goldman Sachs Group Inc.’s glass-and-steel Manhattan headquarters on a warm August morning in 2013. Eyes locked on their screens, traders and engineers shifted in their seats as exchanges prepared to open. Unbeknownst to anyone, the machines were about to revolt.
Floyd Mayweather-Backed Coin Promoters Hit With Criminal Charges
Two founders of an initial coin offering that was promoted by boxer Floyd Mayweather were criminally charged by the U.S. with raising more than $25 million for a planned digital currency without registering the offering.
These AI-Powered ETFs Favor Consumer Stocks for Dividend Growth
Consumer stocks are the new dividend kings according to two new exchange-traded funds that use artificial intelligence to predict which U.S. and Canadian companies will boost their payouts the fastest.