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Goldman Sachs internal memo unveils new cryptocurrency trading team

A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange.Brendan McDermid | ReutersGoldman Sachs has formally kicked off the cryptocurrency trading era on Wall Street.The bank informed its markets personnel on Thursday that a newly created cryptocurrency trading desk had successfully traded

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Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo.STR | NurPhoto | Getty ImagesBitcoin may be taking another step towards mainstream adoption, CNBC has learned.For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through

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Jamie Dimon, fed up with Zoom calls and remote work, says commuting to offices will make a comeback

Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019.Adam Galica | CNBCJamie Dimon is no fan of the new remote work structure that has taken hold during the coronavirus pandemic.The JPMorgan Chase chairman and CEO has already told his

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The market for shares of pre-IPO giants is surging. This company is reaping the rewards

The surging fortunes of a generation of giant start-ups like Robinhood and Chime has sparked a race to create the biggest marketplace to trade shares of private companies.One company with an early lead appears to be Forge, a San Francisco-based start-up originally backed by noted technology investors such as

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Goldman Sachs CEO is summoning workers back to the office by June 14

A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange.Brendan McDermid | ReutersThe boss of Goldman Sachs told workers in the U.S. and the United Kingdom on Tuesday that the bank wants them to be ready to return to the office by

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Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’

Charlie Munger at Berkshire Hathaway's annual meeting in Los Angeles California. May 1, 2021.Gerard Miller | CNBCBerkshire Hathaway Vice Chairman Charlie Munger's distain toward bitcoin has only intensified amid the digital asset's record run this year."Of course I hate the bitcoin success," the 97-year-old Munger said during a Q&A session

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Deutsche Bank reports its best quarterly profit for seven years

A general meeting of Deutsche BankArne Dedert | picture alliance | Getty ImagesLONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment banking division.The bank vastly exceeded analyst expectations for net income of

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The world’s industrial comeback drives metals to multi-year high

By James Attwood and Yvonne Yue Li Industrial metals from copper to aluminum to iron ore have rallied to the highest level in years. The reasons for their gains are plentiful: Copper -- critical for everything from electrical wiring to motors and thus a bellwether for the global economy -- broke

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Investors look for answers from Credit Suisse earnings after Archegos and Greensill sagas

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021.Arnd Wiegmann | ReutersFollowing the booming profit beats of its Wall Street rivals, Credit Suisse is expected to report a significant loss on Thursday as it navigates the fallout from two high-profile

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Goldman Sachs invests $69 million in British digital bank Starling

Anne Boden, CEO of Starling Bank, speaking at Web Summit 2019 in Lisbon, Portugal.Harry Murphy | Sportsfile for Web Summit via Getty ImagesLONDON — British digital bank Starling has raised £50 million ($69 million) in funding from Goldman Sachs.The fresh cash comes on top of a £272 million investment

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