The Bitcoin bullet train is going off the rails!

Musk’s Tesla says it invested $1.5 billion in bitcoin, sending the cryptocurrency to record levels near $44,000   Tesla plans to accept bitcoin as payment for its products, filings with regulators on Monday show Elon Musk’s Tesla Inc. said that it has acquired $1.5 billion in bitcoins in January and that it could accept the…

Appetite for takeovers on the agenda

M&A Roadmap for the Banking Industry in 2021   Mergers and acquisitions have returned back on the agenda of Swiss banking with force. Even if the mooted UBS-Credit Suisse-deal seems an unlikely proposition now, there are plenty of other options on the table for 2021, as an overview presented by finews.asia shows.   Big banking has found…

THE GRAND DUCHY CONTINUES TO POWER AHEAD

The amount of assets under management has doubled in 11 years   The number of assets under management continues to increase in private banks in Luxembourg, reaching 466 billion euros, according to the ABBL. The most endowed customers are the most numerous. 85% live in Europe, of which only 21% in the Grand Duchy. The Luxembourg financial…

Why is it time now to invest in Africa

Africa is a Land of Opportunity.’ United Bank for Africa Chairman Tony Elumelu on Why Now Is the Time to Invest in Africa Even as the pandemic inflicts a devastating toll on the global economy, United Bank for Africa (UBA) Group Chairman Tony Elumelu insists that now is the time to invest in countries in…

Covid-19 accelerates digital transformation at private banks

The pandemic has sparked dramatic changes in the wealth management industry. As markets plummet and liquidity dries up even the most sophisticated investor can be shaken. That’s when they will call upon a trusted adviser, whether to seek short-term tactical advice or simply to be reassured that their diversified portfolio is well-positioned for long-term growth.…

Swiss bank Julius Baer shows the best result in technological implementation

 Julius Baer has been named the winner for the Outstanding Technology Implementation – Front End award at the Global Private Banking Innovation Awards 2020. This marks the 3rd accolade for the Swiss Private Bank’s digital advisory suite, known as DiAS, within six months. Hosted jointly by The Digital Banker and Global Private Banker, the Global Private Banking Innovation Awards-…