HSBC quits US retail banking as it turns attention to Asia May 27, 2021 HSBC is withdrawing from the US retail banking market and selling parts of the loss-making business as it shifts its focus to Asia. The bank has long been trying to shrink its presence in some North American and European markets because it has struggled to compete with larger domestic players. In February HSBC unveiled a [...]
John McAfee faces dying in prison for the same thing Elon Musk does on Twitter, says his wife May 26, 2021 Janice McAfee says her husband faces the prospect dying behind bars for allegedly doing what Elon Musk is doing on Twitter "with impunity".
City Moves: Who’s switching jobs in the Square Mile this week? May 26, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Johnson & Johnson hires EU consumer health director US pharmaceutical giant Johnson & Johnson has hired a new London-based area managing director for consumer health in northern Europe. Charmaine England, who [...]
Bitcoin back over $40,000 as recovery continues May 26, 2021 The recovery in the crypto markets continues today, with Bitcoin again trading at more than $40,000.
Hedge fund legend Ray ‘cash is trash’ Dalio ditches bonds for Bitcoin as losses hit $12bn May 25, 2021 “I have some Bitcoin, and I have a very particular set of skills”. Ok, US billionaire Ray Dalio didn’t say the second bit, but it would have been good if he did. “The guy hates cash; we know this, but now he hates bonds too,” commented Neil Wilson, chief market analyst at Markets, this morning. “For [...]
How will Bitcoin recover from this latest correction? May 25, 2021 As debate rages on about how Bitcoin will recover from a recent crash, Dr Chris Kacher examines the metrics.
McAfee forced to refund customers following auto-renew probe May 25, 2021 Antivirus software giant McAfee will be forced to refund some customers whose contracts were automatically renewed following an investigation by the competition watchdog. The Competition and Markets Authority (CMA) opened an investigation into the anti-virus software market in 2018 amid concerns about unfair practices. A super-complaint filed by Citizens Advice warned that UK customers could [...]
Elon’s games continue while crypto markets roar back into life May 25, 2021 The crypto markets continue to restore some value as Bitcoin edges closer to $40,000.
Elon Musk teases with Bitcoin tweets again… but the markets aren’t buying it May 24, 2021 Serial crypto meddler Elon Musk offered up an olive branch to Bitcoin tonight as he hinted about helping to solve cryptocurrency's environmental impact problems.
Search interest for cryptocurrency hits new high amid market crash May 24, 2021 CryptoCompare data shows the price of Bitcoin (BTC) dropped from around $45,000 to a $32,000 low this week before it started recovering.