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Tag Archives: societe generale

Lawrence Summers: Crypto Could Play a Pivotal Role in Global Markets

At the present time, bitcoin is suffering like it never has before. The world’s number one digital currency by market cap has fallen into oblivion after trading at its highest level of approximately $64,000 per unit in April. It is now currently selling for about $37,000 per unit. Many analysts, it seems, are beginning to write the currency off, but according to former U.S. Treasury Secretary Lawrence Summers, bitcoin and other cryptocurrencies could very well live up to...

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Societe Generale: Forget About BTC, Concentrate on Gold

Over the past year, we have heard that bitcoin is a necessary ingredient of a successful portfolio. That so many hedge funds, wealth managers and other individuals and firms in charge of handling customers’ money are working hard to give them access to crypto, and that anywhere between one and three percent should be allocated to bitcoin. However, according to Societe Generale, this is not quite true. Societe Generale Thinks Gold Is Stronger Than BTC Whether these firms...

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SEBA: Banque de France announced the candidates for testing the integration of a Central Bank Digital Currency (CBDC) for interbank settlements

SEBA Bank, a FINMA licenced Swiss Bank providing a seamless, secure and easy-to-use bridge between digital and traditional assets, today announces that they have been selected by Banque de France for experiments with Central Bank Digital Currency (CBDC). Banque de France announced the overview of candidates for their experiment. SEBA Bank is proud to see that Banque de France selected SEBA Bank...

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Wall Street Divided with Tesla, General Electric and Facebook Stock Results

Usually, when analyzing stocks, Wall Street analysts are like a pack of wolves – agreeing on most of the stocks’ directions finding sort of an informal consensus on Wall Street among this crowd. However, there are always some stocks that separate analyst’s opinions. One of those is one of the most controversial these days – Tesla. For now, this stock has the widest gap from bottom to the top, according to different analysts.Even though in the year-to-date analysis it did grew slightly – from...

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HSBC Cuts 10,000 Jobs to Curb Its Expenses

HSBC Holdings Plc, a UK-based multinational banking and financial services holding company, has plans to downsize its staff and cut 10,000 high-paid jobs, which makes up over 4% of the company’s manpower. Such a decision has been motivated by the intention of Noel Quinn, provisional CEO of HSBC, to reduce costs the whole banking group is incurring.HSBC did not provide any comments. As Financial Times has reported on Sunday, job slashing will address those whose positions are high-paid. An...

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Santander Makes History Solely Settling a $20M Bond Trade on Ethereum Blockchain

Santander, one of the largest banks in the world based in Spain, has issued a blockchain bond and started using a public blockchain to manage all aspects of debt issuance.According to the Spanish banking giant, they used a token on Ethereum to represent the $20 million debt issuance and what is more, settled it with another set of ERC-20 tokens representing cash held in a custody account. As Coindesk has reported, the transaction conducted was a plain-vanilla bond with a one-year maturity,...

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