Bloomberg

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HSBC under investigation in US over WhatsApp use
YOUR PRACTICE FINTECH FEB 23, 2022
HSBC under investigation in US over WhatsApp use

Bank cooperating with CFTC probe into business communications. This comes after JPMorgan was fined for messages outside work systems.

Gold fights off rising rates, Bitcoin to be haven in tough times
INVESTING ALTERNATIVES FEB 23, 2022
Gold fights off rising rates, Bitcoin to be haven in tough times

Bullion and real U.S. interest rates have climbed this year but tightening rate cycles are not necessarily bearish for gold.

Envestnet weighs options after seeing takeover interest
INVESTING ALTERNATIVES FEB 23, 2022
Envestnet weighs options after seeing takeover interest

The Chicago-based fintech has recently been approached by at least one private equity firm interested in acquiring it, according to people familiar with the matter.

Most of the largest 401(k) funds are in the red this year on tech slump
INVESTING EQUITIES FEB 19, 2022
Most of the largest 401(k) funds are in the red this year on tech slump

Of the 15 largest funds held in 401(k) plans, just one has a positive return for the year as of Thursday, according to data from Brightscope.

Crypto, fintech firms build platform to meet money-laundering rule
INVESTING ALTERNATIVES FEB 17, 2022
Crypto, fintech firms build platform to meet money-laundering rule

Coinbase Global, Gemini Trust and Robinhood Markets are among the companies working to comply with the Treasury Department's 'travel rule.'

There’s a portrait of Jamie Dimon hanging in JPMorgan’s metaverse lounge
INVESTING ALTERNATIVES FEB 16, 2022
There’s a portrait of Jamie Dimon hanging in JPMorgan’s metaverse lounge

Blockchain unit Onyx set up the lounge as it released a paper on how businesses can explore opportunities in the metaverse.

Morgan Stanley banker faces block-trading probe
INVESTING EQUITIES FEB 16, 2022
Morgan Stanley banker faces block-trading probe

The SEC and the Justice Department are looking at how bankers, including those at Morgan Stanley and Goldman Sachs, work with hedge funds to carry out stock sales big enough to send prices tumbling.

Hackers snagged $36 million in cryptocurrency in breach of IRA Financial
INVESTING ALTERNATIVES FEB 15, 2022
Hackers snagged $36 million in cryptocurrency in breach of IRA Financial

Company has launched investigation and contacted law enforcement because Bitcoin and Ethereum were snatched from IRA users on Feb. 8.

Stock markets seek cover amid mounting risks
INVESTING EQUITIES FEB 14, 2022
Stock markets seek cover amid mounting risks

The possibility of a war that could increase inflationary pressures or rate hikes from central banks that are more aggressive than expected are among the factors weighing on equities.

SEC bogs down on climate rule, handing White House fresh setback
YOUR PRACTICE PRACTICE MANAGEMENT FEB 11, 2022
SEC bogs down on climate rule, handing White House fresh setback

At issue is how much environmental data companies can be forced to disclose before regulators put themselves in legal jeopardy.