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Bank of America slams 'volatile' and 'impractical' bitcoin

Financial News
Bitcoin s volatility makes it impractical as a store of wealth or payments mechanism
Bitcoin’s exceptional volatility makes it “impractical as a store of wealth or payments mechanism,” the bank s analysts said
Getty Images
By
Wednesday March 17, 2021 2:11 pm
Analysts at Bank of America have attacked bitcoin as “exceptionally volatile” and “impractical” in a 17 March research note.
In the note, the analysts said there was “no good reason to own bitcoin unless you see prices going up”.
The analysts said the supply of the cryptocurrency was by design artificially constrained so demand swings are. ....

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Hong Kong won't appeal ex-JPMorgan banker bribery acquittal

Hong Kong won’t appeal ex-JPMorgan banker bribery acquittal
Leung Kar-cheung was acquitted of two counts of bribery on 1 February
By
Thursday March 4, 2021 8:16 am
The Hong Kong government won’t appeal the acquittal of an ex-JPMorgan banker accused of bribery after offering a job to the son of a client.
Ex-banker Catherine Leung Kar-cheung was charged in 2019 with bribing the chair of Kerry Logistics by offering a job to his son, The Wall Street Journal reported.
Leung was acquitted of two counts of. ....

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Family sue Robinhood app over young trader's suicide

A young trader believed he had lost hundreds of thousands of dollars on the Robinhood app ....

United States , Alex Kearns , University Of Nebraska , Robinhood Markets , Wall Street Journal , Robin Hood , Financial Investment Services , Security Brokering Dealing , Financial Services , Investing Securities , Corporate Crime Legal Action , Financial Performance , Corporate Industrial News , Political General News , Society Community , Crime Legal Action , Social Issues , Content Types , Factiva Filters , C Ampe Executive News Filter , C Ampe Industry News Filter , Corporate Crime , Legal Action , Industrial News , General News , Security Brokering ,

They were involved with white-collar crimes but Donald Trump has pardoned them

They were involved with white-collar crimes but Donald Trump has pardoned them
Trump has pardoned a string of business people convicted of crimes including racketeering, wire fraud, money laundering, and insider trading
Former Google and Uber engineer Anthony Levandowski was sentenced to 18 months in prison in August for stealing trade secrets from Googles self-driving car programme but has now been pardoned by Donald Trump
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By
Wednesday January 20, 2021 2:19 pm
Trump has pardoned 73 people and commuted the sentences of an additional 70 people as his time in office draws to a close.
These are the people from the worlds of business and finance who received pardons or commutations from Trump. ....

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Siemens Energy Stock Tumbles as GE Sues Rival Over Alleged Trade Secrets Theft

Siemens Energy
stock tumbled on Friday, after
General Electric
sued the German company over the alleged theft of trade secrets it claims were used to win contracts worth billions of dollars.
Shares in the company, a spinoff of
Siemens
that listed in September last year, were 6.3% lower in early trading. Despite the fall, the stock has still risen 44% since its listing.
The lawsuit, filed with a U.S. District Court in Virginia on Thursday, alleges that Siemens Energy obtained the U.S. giant’s trade secrets when both companies were competing over a gas turbine contract for Virginia-based power utility ....

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