在摩根大通加快步伐扩张其数字资产支付业务之际，其区块链业务的全球联席主管在该行任职逾十年后 已经离职。 根据周三在领英上的一则发帖，Naveen Mallela已卸任Kinexys全球联席主管。摩根大通旗下的Kinexys 利用加密货币底层技术在支付等领域开发产品与服务。Mallela于2024年出任该职务。 在摩根大通加快步伐扩张其数字资产支付业务之际，其区块链业务的全球联席主管在该行任职逾十年后 已经离职。 摩根大通的一位发言人证实其离职的消息，并表示该行计划很快任命继任者。常驻新加坡的Mallela不 予置评。 责任编辑：王许宁 责任编辑：王许宁 根据周三在领英上的一则发帖，Naveen Mallela已卸任Kinexys全球联席主管。摩根大通旗下的Kinexys 利用加密货币底层技术在支付等领域开发产品与服务。Mallela于2024年出任该职务。 摩根大通的一位发言人证实其离职的消息，并表示该行计划很快任命继任者。常驻新加坡的Mallela不 予置评。 ...

Financial giant JPMorgan Chase has found itself on a long list of organizations that are being sued by President Donald Trump. The lawsuit, filed on Jan. 22 in a Florida state court, alleges the bank debanked him and his affiliated business entities by closing accounts in 2021 for politically motivated reasons, according to a report by Reuters (1). Must Read The firm was quick to respond, stating, in part, “we believe the suit has no merit … Our company does not close accounts for political or religiou ...

金价大跌后逐渐震荡企稳，东方金诚研究发展部分析师瞿瑞认为，这一方面源于暴跌后，金价估值回归 理性，吸引投资者逢低入场。另一方面，市场认识到美联储短期内难以改变宽松交易的趋势，恐慌情绪 有所缓和。此外，最新公布的美国就业数据超预期疲弱，提升了市场对美联储宽松政策的预期，也为金 价提供反弹动力。 分析人士指出，金价"高台跳水"后，市场情绪已较为敏感，容易受到消息面扰动而发生剧烈波动，进而 导致金价震荡，但近年支撑金价上行的基本因素仍将持续发挥作用。 兴业证券首席经济学家王涵在研报中称，国际政经多极化趋势明确，意味着美元下行、黄金上行的趋势 在一段时期内不会改变。因此，非美央行会继续通过增持黄金以应对潜在的地缘政治和金融风险，黄金 的战略属性将持续强化。 来源：中国新闻网 近期，现货黄金价格在经历急涨暴跌的"过山车"行情后，重新站上了5000美元/盎司的关键关口。 摩根大通大宗商品研究数据印证了这一趋势：2026年全球央行购金量预计将维持在约755吨的高位，这 一水平远高于2022年之前的历史均值。 市场判断，2026年美联储仍处于降息周期当中，加之美联储独立性面临考验，美国债务可持续压力进一 步上升，美元资产的安 ...

近期，现货黄金价格在经历急涨暴跌的"过山车"行情后，重新站上了5000美元/盎司的关键关口。 "过去主导金价的实际利率逻辑效力减弱，避险属性与信用重估成为双重驱动力。"瑞银集团贵金属策略 师在报告中写道。 摩根大通全球市场策略团队分析师表示，近期金价走势属于短期冲高回落后反转，是消化前期过快涨幅 的阶段性调整，并非长期涨势终结。其预测金价未来数周或数月将进入宽幅震荡区间。 富国银行将2026年黄金年终目标价上调至每盎司6100至6300美元区间。德意志银行贵金属分析师薛家康 (Michael Hsueh)维持了金价长期触及6000美元/盎司的预测。 与此同时，多位专家强调，当前黄金已大幅脱离传统成本区间，高位价格更多由市场情绪、地缘政治及 各国央行购金行为驱动。黄金本质并非高收益投机标的，普通投资者应警惕短期投机炒作行为。 （中国新闻网） 金价大跌后逐渐震荡企稳，东方金诚研究发展部分析师瞿瑞认为，这一方面源于暴跌后，金价估值回归 理性，吸引投资者逢低入场。另一方面，市场认识到美联储短期内难以改变宽松交易的趋势，恐慌情绪 有所缓和。此外，最新公布的美国就业数据超预期疲弱，提升了市场对美联储宽松政策的预期，也为金 ...

1 2026年开年，信用卡行业又传出了「壮士断腕」的消息。 最近，广州银行信用卡中心佛山、东莞、中山、惠州、珠海、江门、深圳七家分中心，获广东金融监管 局批准终止营业，相关业务由总行层面统一运营。 这意味着，在短短一个月时间内，该行信用卡线下分支机构全部关停，成为近年来城商行中对信用卡业 务组织架构调整最为彻底、力度最大的一个案例。 作为一家城商行，广州银行的信用卡体量虽然无法与全国性银行比肩，但也曾是业内瞩目的一匹「黑 马」——自2012年正式发行信用卡之后，到2018年，其信用卡资产规模、营业收入、月均活卡量、总交 易笔数及云闪付用户量均位居城商行第一位。 只是，信用卡业务的滑落显然比扩张来得更快，也更猛。 科技巨头通过占据用户数字生活的入口，掌握了定义产品、分配价值乃至影响用户金融行为的主动权。 它们未必想要成为银行，但它们完全可以，也正在让银行为其生态服务。 ——馨金融 2024年，该行信用卡贷款余额骤降至704.42亿元，同比大幅下降18.11%。手续费及佣金净收入下降 18.52%。其信用卡的「不良率」也在2023年飙升至4.88%，在两年多时间里增长了两倍有余。 规模收缩与风险暴露并行，银行不得 ...

宏观·经济 - 近期外资机构观点荟 20260210 Q&A 美联储新任主席沃什的政策立场如何，市场对此有何反应？ 市场对美联储新任主席沃什的政策立场存在一定分歧。尽管最初预期他可能持 鹰派立场，但主流机构如高盛认为，沃什的实际立场更偏鸽派。他支持放松监 管，并认为人工智能（AI）具有去通胀效应，这些都表明他在政策上相对温和。 此外，尽管沃什长期支持缩表，但在当前美元流动性和美联储框架下，这一观 点难以落地。 摘要 美股市场近期经历调整，AI 软件股抛售是主因，高盛预计跌势或持续， 但波动高峰已过。市场稳定需盈利改善，投资者情绪恢复需稳健基本面 支撑。 华尔街投行普遍看多黄金，德银、JPM 等将 2026 年目标价提升至 6,000-6,300 美元/盎司。对白银和铜持谨慎态度，高盛预计 2026 年底 铜价可能跌至 11,000 美元左右。 瑞银上调欧元区 2026 年 GDP 增速至 1.3%，主要因宽财政政策，特别 是防务开支。中期来看，财政刺激减弱及人口问题可能拖累经济增长。 AI 科技股面临估值回调和退出困难风险，部分上市公司大幅回撤。德银 认为 AI 驱动的私募信贷交易推动实体经济发展，长期看降低 ...

Core Viewpoint - Alphabet Inc. has successfully raised nearly $32 billion in debt within 24 hours to support its artificial intelligence initiatives, achieving record corporate bond sales in both the sterling and Swiss franc markets [1][2]. Group 1: Debt Issuance Details - The debt issuance included the largest-ever corporate bond sales in the sterling and Swiss franc markets, following a $20 billion debt sale on Monday [2]. - The sterling offering featured a rare 100-year note, marking the first such sale by a technology firm since the dot-com era [2][10]. - The 100-year bond attracted nearly 10 times the orders for the £1 billion ($1.4 billion) available, pricing at just 1.2 percentage points above 10-year UK government bonds [3]. Group 2: Market Demand and Investor Interest - High demand was noted across the deals, with a wide range of maturities appealing to various investors, including asset managers, hedge funds, pension funds, and insurers [4]. - The overall borrowing needs of tech firms, particularly in AI, have led to significant interest from investors, with Alphabet's capital expenditures projected to reach $185 billion this year, double last year's spending [5]. Group 3: Industry Context and Comparisons - Other tech companies, such as Oracle, Meta Platforms, and Microsoft, have also announced substantial spending plans, with Morgan Stanley predicting borrowing by cloud-computing firms to reach $400 billion this year [6]. - Alphabet's recent moves to diversify its debt-raising efforts included tapping the euro bond market, where it raised €6.5 billion ($7.7 billion) [13]. Group 4: Concerns and Market Dynamics - The significant borrowing by major tech firms has raised concerns regarding potential pressure on bond valuations, as these securities are considered expensive by historical standards [8]. - Investor apprehensions about the sustainability of the AI boom and its impact on related sectors, such as Software-as-a-Service, have been noted [8].

told directors — including CEO David Solomon — that it was time to stop treating India as a future growth story. Inflation had stabilized, banks had reduced bad loans and corporate balance sheets were the strongest in decades. After some debate, Chatterjee won out. For the Wall Street giant, which for years played on the fringes of Indian dealmaking, the dramatic shift is starting to bear fruit. Goldman vaulted to fourth in Indian equity offerings last year — after never ranking in the top five over the pa ...

Question-and-Answer SessionAbsolutely. So you're going to be following up a bunch of really bullish presentations this morning. So we're excited to hear from you. So speaking of which the lion's share of investors sitting in this room today and listening in are positioned for a capital markets renaissance of sorts in 2026. What stage are we in with regard to capital markets activity for this upcycle?Troy RohrbaughCo- CEO of Commercial & Investment Bank Sure. I mean you should rename it not big bank morning, ...

Core Viewpoint - The market's expectations regarding the short-term disruption of the software industry by artificial intelligence (AI) are overly pessimistic, and software stocks are poised for a rebound as unrealistic disruption scenarios have already been priced in [1] Group 1: Market Analysis - The team led by Dubravko Lakos-Bujas at JPMorgan suggests that investors should increase their holdings in high-quality software stocks that are resilient to AI disruptions [1] - The extreme price movements in the software sector indicate that capital is likely to flow back into this segment in the short term [1] - The report states that the market has significantly reduced its positions, and the overly negative perception of AI's impact on the software industry, combined with solid industry fundamentals, suggests that the risk balance is increasingly leaning towards a rebound [1] Group 2: AI Impact Assessment - JPMorgan analysts believe that investors have overestimated the disruption caused by AI on software stocks [1] - The market is currently pricing in the worst-case scenarios for AI disruption, which are unlikely to materialize in the next three to six months [1] - Software companies that demonstrate resilience to AI disruptions are seen as having significant growth opportunities [1]