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Goldman launches cryptocurrency trading team: memo


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(Reuters) - Goldman Sachs Group Inc on Friday revealed details on its cryptocurrency trading group, according to a staff memo seen by Reuters.
The trading group, whose formation Reuters reported in March, has been buying and selling bitcoin futures on CME Group and non-deliverable forwards, according to the memo.
The announcement is further evidence that Wall Street is accepting and adopting the digital currency. It follows rival bank Morgan Stanley s move to offer its wealth management clients access to bitcoin funds in recent months.
The two derivatives the trading group is handling allow investors to take a view on bitcoin s future price. The contracts are settled in cash and Goldman does not have to deal with the physical asset, which it is not in a position to trade, according to the memo. ....

Dan Grebler , Rajesh Venkataramani , Elizabeth Dilts Marshall , Morgan Stanley , Wall Street , Reporting By Elizabeth Dilts Marshall , எலிசபெத் நீர்த்த மார்ஷல் , மோர்கன் ஸ்டான்லி , சுவர் தெரு , புகாரளித்தல் வழங்கியவர் எலிசபெத் நீர்த்த மார்ஷல் ,

Goldman Sachs watching total margin loans after Archegos fund blowup: executive


By Syndicated Content
Apr 26, 2021 10:34 AM
NEW YORK (Reuters) – Executives at Goldman Sachs Group Inc are monitoring the total amount of loans borrowed on margin after the collapse of investment fund Archegos Capital Management last month, said the bank’s President and Chief Operating Officer John Waldron on Monday.
Speaking at a virtual meeting held by the Economic Club of New York, Waldron said the total amount of margin debt industry-wide is about $800 billion, a roughly a $300-billion increase over the past year.
(Reporting By Elizabeth Dilts Marshall)
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JPMorgan CEO Dimon sees U.S. economic boom through 2023 - Netscape Money & Business


JPMorgan CEO Dimon sees U.S. economic boom through 2023
By Elizabeth Dilts Marshall
Reuters
NEW YORK (Reuters) - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Wednesday the United States could be in store for an economic boom through 2023 if more adults get vaccinated and federal spending continues.
I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE (quantitative easing), a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom, Dimon wrote in his annual letter to shareholders published on the bank s website. ....

United States , Muralikumar Anantharaman , Elizabeth Dilts Marshall , Jamie Dimon , Jpmorgan Chase Co , Reporting By Elizabeth Dilts Marshall , ஒன்றுபட்டது மாநிலங்களில் , எலிசபெத் நீர்த்த மார்ஷல் , ஜுப்ம்ொர்கண் துரத்து இணை , புகாரளித்தல் வழங்கியவர் எலிசபெத் நீர்த்த மார்ஷல் ,