Client

At least $1 billion of client funds missing at failed crypto firm FTX – sources

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Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Publishing date: Nov 11, 2022  •  23 minutes ago  •  3 minute read  •  Join the conversation Article content New York — At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The … Read more

BlockFi limits platform activity, including a halt on client withdrawals

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Crypto lender BlockFi has halted client withdrawals on its platform as part of a broader limit to activity in the wake of FTX’s collapse. pic.twitter.com/zNF1uP6evl — BlockFi (@BlockFi) November 11, 2022 The company said in the Nov. 11 tweet that a “lack of clarity on the status of FTX.com, FTX US and Alameda” has prevented … Read more

Amex: Q3 Large Client T&E Spending Nears ’19 Level

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Continued strong demand from small and midsize clients helped push total third-quarter travel and entertainment spending on American Express cards up 57 percent year over year as large corporate clients showed a “steady” recovery in business travel, American Express reported. Total T&E spending on Amex products among U.S. clients was about $25 billion in the … Read more

Major client demand the ‘tipping point’ for BNY Mellon’s crypto services

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BNY Mellon CEO Robin Vince says “client demand” was the “tipping point” that ultimately led to the bank’s launch of institutional-focused crypto services last week. BNY Mellon, America’s oldest bank, became the first large bank in the country to offer custody of institutional clients’ Ether (ETH) and Bitcoin (BTC) on Oct. 11. In an Oct. … Read more

What new EU sanctions mean for crypto exchanges and their Russian client

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Nine months into the conflict between Ukraine and Russia, sanctions against the latter have continued to grow at an aggressive pace. This time around, legislators for the European Union announced that they are introducing a complete ban on all cross-border crypto payments between Russia and its citizens.  To elaborate, a prohibition of all “crypto-asset wallets, … Read more

Ashmore battles client defections as emerging markets face bumpy ride

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On February 23, senior staff at the UK’s most prominent emerging markets fund manager made a prediction about Russia. Many countries, including the US, had warned that an invasion of neighbouring Ukraine was imminent. But while strategists at Ashmore kicked off their briefing saying investors needed to be cautious, their conclusion was clear: top managers … Read more

‘Astonishing.’ Morgan Stanley hard drives holding sensitive client data got auctioned off online

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Morgan Stanley was slapped with a $35 million fine from the Securities and Exchange Commission for extensive failures to safeguard personal identifying information on its clients. Since at least 2015 Morgan Stanley did not properly get rid of devices holding sensitive customer data, according to the settlement. In one episode described by the SEC, Morgan … Read more

Canadian banks look to newcomers as key source of client growth

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Breadcrumb Trail Links PMN Business Author of the article: The Canadian Press Ian Bickis Publishing date: Sep 18, 2022  •  23 minutes ago  •  4 minute read  •  Join the conversation Bank towers are shown from Bay Street in Toronto’s financial district on Wednesday, June 16, 2010. Canada is banking on newcomers to help keep the … Read more