The latest headlines on the impact of technology on the wealth management industry.
UBS Group AG reached a deal worth hundreds of millions of Swiss francs to use Microsoft Corp. cloud services in a bid to reduce costs while complying with strict Swiss privacy laws, according to people familiar with the matter.
The good news for asset managers is that they will get an average pay increase this year of 5 percent. The bad news is that increased spending on technology is reducing the amount of money available to their compensation pools.
The plunge in the cryptocurrency market is weighing on the software-development community that spawned over 1,000 digital coins amid dreams of independence from traditional financial systems and instant wealth.
Bitcoin is turning negative again. And the technicals aren’t looking too good either going into 2019.
Adam Lindemann tends to have pretty good timing.
Goldman Sachs Group Inc. isn’t any closer to offering one the key services sought by clients still intrigued by cryptocurrencies amid this year’s collapse in digital-asset prices.
Cryptocurrency players including DRW’s Cumberland trading juggernaut and Mike Novogratz’s Galaxy Digital merchant bank have banded together to draft a set of best practices, the latest attempt to clean up an industry frequently marred by scandal.
Bitcoin broke below $4,000 and extended its 2018 crash to within striking distance of the biggest cryptocurrency’s worst bear markets.
Cryptocurrencies resumed their slump on Monday, with Bitcoin approaching the $5,000 mark for the first time since October 2017, in the wake of a split of one of the largest major tokens and increased regulatory scrutiny of initial coin offerings.
Acorns Grow Inc. is in talks with investors for a new funding round that would give it a valuation north of $700 million, according to people familiar with the matter.
Bitcoin advocates are asking how low will we go from here as the world’s largest cryptocurrency continued to slump following its biggest one-day loss in eight months.