Companies record impressive crypto gains – see how much SBI made
April 29, 2021
SBI Group recorded pre-tax profits of 10.9 billion yen from crypto-based businesses in the last fiscal year.
The company has been actively involved in the expansion of its presence in the crypto industry.
SBI Group still offers support for the troubled XRP project to continue the shareholder benefits program.
The company announced that it doubled its profits from crypto-related dealings over the past year.
The company records impressive turnover in the crypto business
SBI Group says it had a pre-tax profit of 10.9 billion yen (about USD174 million) from crypto-based businesses in the last fiscal year. The turnover is an impressive one, considering that its earnings within the crypto market for the previous year was 10 billion yen (USD92 million).
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Credit Suisseâs Key Tokyo Private Banker Leads Exodus to LGT
This content was published on April 28, 2021 - 09:26
April 28, 2021 - 09:26
(Bloomberg) Yoshitaka Nagakura, a senior private banker at Credit Suisse Group AG in Tokyo, left to spearhead a new operation for LGT Private Banking in Japan, according to people with knowledge of the matter.
Nagakura started earlier this year as market head for Japan, where LGT is in the process of setting up a new private banking business, the people said, asking not to be identified as the move isnât public. He is among about two dozen former Credit Suisse staff who have joined or are in the process of joining the firm, the people said.
SBI doubled crypto business profits in past fiscal year SBI’s total pre-tax profit from its crypto business surged above $174 million in the past fiscal year. 14338 Total views News
Japanese financial giant SBI Group more than doubled the total profit of its cryptocurrency business during the fiscal year that ended in March.
On Wednesday, SBI released a report on the company’s financial results, disclosing that its pre-tax crypto-powered profits during the past fiscal year amounted to 18.9 billion yen ($174 million). The amount is 10 billion yen ($92 million) higher than the total pre-tax total profit recorded over the previous fiscal year, SBI said.