ConsenSys Closes $200 Million Financing Round

07:49am, Thursday, 18'th Nov 2021 Bitcoin Ethereum News
The post ConsenSys Closes $200 Million Financing Round appeared on BitcoinEthereumNews.com . Blockchain technology solutions provider, ConsenSys today announced that it has raised $200 million in the latest funding round to expand its operations. HSBC and Coinbase Ventures joined the recent round.
VANCOUVER, British Columbia--(BUSINESS WIRE)-- #BCFloods--To help support those affected by flooding in BC, HSBC is donating $50,000 to the Canadian Red Cross and supporting customers with financial relief.
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Blockchain software and infrastructure company ConsenSys has raised $200 million in an investment round that values the company at $3.2 billion. The round included investors like Marshall Wace, HSBC, Third Point, Coinbase Ventures and others.

Amazon to stop accepting Visa credit cards in UK

03:36pm, Wednesday, 17'th Nov 2021 Kwhen Finance

Has The Age Of Cloud-Based Banking Arrived?

07:35am, Wednesday, 17'th Nov 2021 Brand Spur Nigeria
The onslaught of announcements of banks partnering with cloud providers has certainly accelerated over the past 12-18 months. It started to pick up pace last year, when several large banks including Deutsche Bank, Goldman Sachs, HSBC and Wells Fargo announced strategic deals with the likes of Amazon Web Services (AWS), Microsoft Azure and Google Cloud. []
Telecom Italia (OTCMKTS:TIIAY) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a buy rating to a hold rating in a report released on Monday, The Fly reports. Several other research firms have also recently weighed in on TIIAY. HSBC cut shares of Telecom Italia from a hold rating to a reduce rating []

Australia, NZ dollars chased lower as data disappoints bulls

04:42am, Wednesday, 17'th Nov 2021 Business Recorder
SYDNEY: The Australian and New Zealand dollars were under fire again on Wednesday after a batch of upbeat US economic data lifted their US counterpart, while domestic news disappointed bulls. The Aussie lapsed to a fresh five-week trough of $0.7275 , having shed 0.7% overnight when US retail and industrial figures came in strong. The breach of support at $0.7277 could see a re-test of the September low at $0.7171. The kiwi dollar crumbled 0.8% overnight to reach $0.6984 and threaten support around $0.6980. A break would open the way to its September low of $0.6860. The Aussie took a further blow when Australian wages data failed to beat expectations as some in the market had been betting on. Annual wage growth ticked up to a moderate 2.2% just as forecast, while bulls had hoped a higher outcome would reinforce the case for an early rate hike from the Reserve Bank of Australia (RBA). "It''s clear that wages growth is well below the 3-4% rates that were the norm a decade ago and the sorts of rates the RBA needs to believe that inflation will sustainably run at 2-3%," said Paul Bloxham, chief economist Australia at HSBC. "Today''s figures support the RBA''s dovish perspective and our own view on the cash rate outlook - our central case has no hikes in 2022 or 2023." That saw the futures market lengthen the odds on a hike just a little, with a move to 0.25% now fully priced in by July next year rather than June.

Intertek Group (OTCMKTS:IKTSY) Raised to Buy at Citigroup

12:30pm, Tuesday, 16'th Nov 2021 Dakota Financial News
Intertek Group (OTCMKTS:IKTSY) was upgraded by Citigroup from a neutral rating to a buy rating in a research note issued to investors on Tuesday, The Fly reports. Several other analysts have also weighed in on IKTSY. HSBC upgraded shares of Intertek Group from a hold rating to a buy rating in a research note on []
Berenberg Bank cut shares of Direct Line Insurance Group (OTCMKTS:DIISY) from a buy rating to a hold rating in a report released on Monday morning, The Fly reports. Several other brokerages have also recently commented on DIISY. HSBC restated a hold rating on shares of Direct Line Insurance Group in a research note on Thursday, []

BNP Paribas hires advisers to assess $15 bn Bank of the West sale

03:25am, Tuesday, 16'th Nov 2021 Business Today
The French lender, which overtook British rival HSBC last year to become Europe''s largest bank by assets, is looking to part ways with its California-based retail banking subsidiary in a deal that could value it at about $15 billion.
The Singapore-based active responsible investment manager and multi-family office has announced the addition of two seasoned executives to its client relationship and investment advisory teams. Private banking industry veteran Varun Gulati joins the firm as a relationship management director to help drive Maitris client relationship strategy and partnerships, while Edwin Aw joins as an investment counsellor to focus on formulating and managing bespoke investment solutions for clients, according to an announcement on Tuesday. Gulati brings with him more than 17 years of experience in the wealth management industry across multiple markets in Asia and the Middle East. He joins Maitri from the private banking division of Deutsche Bank, and has previously held roles in wealth management at firms like ABN Amro, HSBC and Standard Chartered. Aw joins Maitri from HSBC, where he established a career as a private banking investment specialist. His career to date spans stints at numerous leading financial institutions including Schroders, ING and Bank of America Merrill Lynch.

HSBC Reshuffles Commercial Bank

01:10am, Tuesday, 16'th Nov 2021 Finews Asia
HSBC has reshuffled senior management at its commercial banking arm in Asia and the U.K. Current head of commercial banking for HSBC U.K. Amanda Murphy will relocate to Singapore to become head of commercial banking, South and Southeast Asia, according to a statement, overseeing the local commercial banking franchises in India, Southeast Asia, Australia and international markets. Succeeding Murphys role as head of commercial banking for HSBC U.K. is Stuart Tait , who has led the APAC commercial banking franchise since 2016, subject to regulatory approval. ExCo Members Frank Fang will maintain his role as head of commercial banking, Hong Kong and Macau. Fang and Murphy will serve on the global and APAC commercial banking executive committees and report to global commercial banking chief executive Barry OByrne . «I would like to thank [Tait] for growing our business in Asia Pacific over the last five years his customer-centricity will be equally instrumental in his new role,» OByrne said. «Focusing on Asia for growth, investment and capital deployment is a strategic priority for our global business.
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