JPMorgan analysts have suggested that Bitcoin could join gold as a reliable way to store wealth. The report follows the bank’s chief executive and chairman, Jamie Dimon, warning that the cryptocurrency will ‘blow up’ in the future. Countingup, a...
UBS and Campden Wealth study has found that just 10 out of 262 of the world’s richest families suffered a decline in wealth in 2016. Three-quarters of the families increased their wealth, while 22% reported no change. The average return generated by family offices,...
HSBC, Barclays and the Government Digital Service have partnered with Orange, OT-Morpho and the Open Identity Exchange to test a system through which French citizens can open a bank account in the UK under eIDAS Orange has indicated that it is close to launching its...
R3, the blockchain consortium, is close to coming to market with its first commercial pilot product. A group of 11 banks, including HSBC and RBS, are poised to start testing an application that aims to cut costs and inefficiencies in trade financing that has been...
HSBC’s China fund management venture has been punished for misconduct related to IPO subscriptions, as part of a broad campaign by regulators against financial corruption. Nine funds from HSBC Jintrust, a joint venture between HSBC Global Asset Management and Shanxi...
