JPMorgan CEO Jamie Dimon says bitcoin is worse than the most infamous asset bubble in history. Speaking at a banking conference in New York, Dimon said he would fire “in a second” anyone at the investment bank found to be trading in bitcoin. “For two reasons: it’s against our rules, and they’re stupid. And both are dangerous.” He added: “The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.
The Swiss federak price watchdog has initiated proceedings against Booking.com, hotel booking platform, after finding signs of “price abuse” concerning commissions that hoteliers have to pay in Switzerland. During an investigation, watchdog Stefan Meierhans examined commissions paid by hoteliers to the site and found indications of abusive prices, news agency ATS reported on Tuesday.
Stanford University has been named the best university in the world for graduate employability for the second consecutive year, acccording to QS Quacquarelli Symonds, global higher education analysts and career advice specialists. The American institution is one of 13 United States of America universities in the top 25 of the QS Graduate Employability Rankings 2018, which assesses how successfully universities produce employable graduates and foster connections between students and employers.
Equities and private equity drove a turnaround in family office investment performance this past year, as revealed in the newly-released Global Family Office Report 2017 (GFO). The composite global portfolio of family offices (FOs) returned a healthy 7% in 2016, compared with 2015’s disappointing 0.3%. Growth was driven by equities and private equities, which represent a combined 47% of family office portfolio. Meanwhile, performance of hedge funds and real estate was more subdued, and their popularity among FOs declined accordingly.
Austria is set to raise 100-year debt in the latest indication of hot investor demand for long-dated sovereign bonds. It aims to raise at least €1bn; bids from potential investors have topped €11bn, dealmakers say. A successful sale would demonstrate that demand for super-long bonds, whose prices are extremely sensitive to interest rate changes, remains solid even as central banks start winding down their crisis-era stimulus measures.
This Newsletter has repeatedly brought the attention of readers to the situation of the US dollar and the extreme indebtedness of Washington, which now practically has a national debt of 20 trillion without calculating all the other liabilities. Proposing a defense budget of almost 700 billion to maintain over 800 bases globally is going to help lead to national bankruptcy.
The U.S. Justice Department on Monday charged Deutsche Bank’s former head of subprime mortgage trading with civil fraud in connection with conduct dating back to the 2007-2009 financial crisis. According to an announcement from the Department of Justice, Paul Mangione, the former Deutsche Bank head of subprime trading, allegedly “engaged in a fraudulent scheme to misrepresent the characteristics of loans backing two residential mortgage-backed securities that Deutsche Bank sold to investors that resulted in hundreds of millions of dollars in losses.”
Chinese authorities are preparing to shut down the country’s bitcoin exchanges, according to people familiar with the matter, reflecting a growing unease with the virtual currency and its recent surge in value, as multiple Monday reports wrote.
Internet giant Google is appealing against a record 2.4 billion euro fine the European Commission handed down in June, 2017. The world's most popular Internet search engine, a unit of the U.S. firm Alphabet, launched its appeal two months after it was fined by the European Commission for abusing its dominance in Europe by giving prominent placement in searches to its comparison shopping service and demoting rival offerings.
The caspian week conference is a meeting point of visionaries, market leaders and experts with the f
The climate transition creates opportunities and risks, and financial institutions and corporations
Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This
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