Tag Archives: goldman sachs

BlackRock’s recent app update indicates their engagement with the SEC led by Gary Gensler on Dec. 11, marking the third meeting in a series held over the past few weeks. BlackRock Inc (NYSE: BLK) has implemented structural modifications in its application to launch a spot Bitcoin ETF in the US. The updated filing allows Wall Street banks to generate new shares in the fund using fiat currencies, expanding beyond cryptocurrencies. To participate, banks must acquire authorized participant...

With the recently secured Series B funding, Fnality is poised to continue its pioneering work in the tokenization of fiat currencies backed by Central Bank cash. Fnality, a fintech firm focused on building tokenized versions of major currencies collateralized by cash held at central banks, has successfully secured $95 million in its Series B funding round, with major financial institutions like Goldman Sachs Group Inc (NYSE: GS) and BNP Paribas SA (EPA: BNP) leading the investment....

BitGo confirms that it is delighted that its efforts to secure the new license have finally paid off. Crypto custody firm BitGo is now fully licensed to carry out its custody business in Germany, according to a recent CoinDesk report. This follows after the United States-regulated firm recently secured the appropriate license from the German Federal Financial Supervisory Authority (BaFin). The new license may make it official, however, BitGo confirms, in a press release, that it already...

The move signals a major stride on the part of JPMorgan as it intensifies its efforts towards boosting the commercial applications of blockchain technology. United States’ largest bank by assets, JPMorgan Chase & Co may have started using its blockchain-based collateral settlement for customers. This follows after a recent transaction between BlackRock Inc and Barclays Plc saw the duo use JPMorgan’s Tokenized Collateral Network (TCN) to effect the trade. According to Tyrone Lobban,...

Birkenstock confidently moves ahead with its IPO plans despite mixed performances of other listings in September. Goldman Sachs, JPMorgan, and Morgan Stanley shall be the underwriters for the IPO.  Birkenstock, the renowned German premium footwear brand supported by private-equity firm L Catterton, has announced its intention to pursue a highly anticipated initial public offering (IPO) in New York. For its IPO the company is targeting a valuation of up to $9.2 billion. In this IPO, the...

Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts. In response to fears of weaker supply, the prices of oil rose on Thursday. The West Texas Intermediate (WTI) crude climbed 1.6% to $90.04 per barrel, its highest point since November last year. Brent crude also sold at a 10-month record of $93.23 after rising 1.5%. The impact of the increase in crude prices may be stiff on the economy as gasoline...

According to Goldman Sachs, the spike in AI stocks is here to stay, and reflects the beginning of a new tech wave, not a bubble. Global investment banking and financial services firm Goldman Sachs (NYSE: GS) has stated that the current explosion in artificial intelligence (AI) adoption is not a bubble. Despite worries that the spike in AI interest and related tech stocks might be weak, Goldman Sachs states that the popularity of these stocks is more of a revolution than a bubble. Some...

The new AI chatbot will allow Morgan Stanley cater more effectively to its growing wealth division and the teeming clients there. American financial services company Morgan Stanley is looking to introduce an artificial intelligence (AI) chatbot in interactions with its wealthy clients. Morgan Stanley developed the chatbot in collaboration with OpenAI, the company behind ChatGPT. Both Morgan Stanley and OpenAI have been working on the AI chatbot for a while now. Morgan Stanley is now ready...

The Arm filing confirmed that the deal with Apple will last beyond 2040, while assuring that its relationship with other tech giants continue. Apple (NASDAQ: AAPL) has signed a deal with Softbank’s chip designer firm Arm that will last through 2040 and beyond, according to a filing with the United States Securities and Exchanges (SEC). The filing also states that the consumer electronics giant will have access to some Arm architecture. Arm says it has close partnerships with leading tech...

CoinspeakerGoldman Sachs Selling Its Investment Advisory Business as It Suspends Attempts at Mass Market Businesses Goldman Sachs has endured from losses from trying to cater to the broader market and is now looking to sell its investment advisor. Goldman Sachs Selling Its Investment Advisory Business as It Suspends Attempts at Mass Market Businesses