So joining me now with where he's putting his money is Paul Christopher, head of global investment strategy over at Wells Fargo Investment Institute. Paul, thank you very much for being here with us. Let's take us, >> please just take us through what exactly you mean when you say that you are out of some of these AI names into other parts of the market, but you still believe in the AI trade.Well, yeah, that's the fundamental premise is that we think there are years left to go as AI and other technology deve ...

Swedish fintech firm Klarna on Tuesday said it will launch a U.S. dollar-backed stablecoin, becoming the latest major payments company to move deeper into digital assets as regulators tighten oversigh... ...

We recently talked about how institutional players in Wall Street is getting really more bullish on crypto than ever before. And I feel like a lot of the recent events, especially at Ripple Swell, we kind of saw that increased bullish view on crypto from some of the biggest names in finance. Recently I saw a post from Rhys Merrick who is a Ripple employee and he said full circle moment for me at Ripple Swell a couple of weeks ago.7 years ago when I joined Ripple I remember meeting with large financial insti ...

Key takeaways from our recent HK financial tour are net positive. We see improving revenue growth visibility, with NII growth driven by robust deposit growth (and hence interest-earning assets) and resilient HIBOR. Strong performance in the wealth management business has become a key driver for non-NII growth. Despite a high base in 2025, management sound confident on the outlook for wealth business in 2026. On the risk side, banks noted a resurgence of China CRE risk, but believe that incremental provision ...

President Trump recently promised to make America the “crypto capital of the world.” And his administration is working hard to make that pledge a reality. Most Read from Fast Company White House officials have established a working group on digital asset markets and directed federal agencies to craft a strategy to cement U.S. leadership. The president’s legislative team, meanwhile, helped push the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act),through Congress earlier ...

Peter Brandt is a veteran trader who has been active in the futures market since 1975. A self-proclaimed "market wizard," he has nailed multiple predictions across crypto, commodities, and forex. Not only did he call the historic gold reversal in the 1980s, but he also correctly predicted that Bitcoin (BTC) would crash below $4,000 in 2018. BTC was trading north of $10,000 when he made the shocking prediction. Lo and behold, the king coin indeed fell below the $4,000 mark in December 2018. Related: Smarte ...

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors chop ahead of NVDA earnings today; Bitcoin at $91,400 Kraken raises $800M at $20B valuation led by Citadel Ethereum Foundation unveils “Interop Layer” where L2s function as 1 chain Fidelity launched its Solana ETF; SOL ETFs see most inflows since Nov 6 MegaETH ...

Summary of Standard Chartered Conference Call (November 19, 2025) Company Overview - **Company**: Standard Chartered (SEHK: 02888) - **CFO**: Diego, who joined in January 2024 - **Stock Performance**: Stock price increased by approximately 150% since Diego's appointment, outperforming the SX7P index which rose by 110% [1][2][3] Key Business Segments and Performance Wealth Management - **Wealth Management Growth**: Significant growth driven by the rise of the middle class in Asia and increasing sophistication of investors [5][6] - **Record Net New Money**: Attracted $15 billion in Q2 and $13 billion in Q3, with a year-to-date growth of 15% in net new money flows and 25% growth in wealth income [7][10] - **Target for Affluent Net New Money**: Aiming for $200 billion over five years, averaging $10 billion per quarter [12] - **Investment in Wealth Management**: Plans to invest $1.5 billion, focusing on hiring relationship managers and enhancing technology [13] Cross-Border Income - **Growth Rate**: Achieved a 9% CAGR in cross-border income since 2019 [19] - **Competitive Advantage**: Strong network presence in ASEAN and Africa, with a focus on capital flows rather than trade [16][18] Financial Markets Business - **Risk Management Focus**: 70% of the markets business is dedicated to risk management, growing at 10% per annum [21][23] - **Integration with Banking**: The flow business is consistent and programmatic, while episodic business varies with market conditions [24] Strategic Insights - **Market Positioning**: Standard Chartered is focused on affluent customers ($1 million-$10 million), which are cheaper to acquire and serve, leading to high loyalty [9] - **Response to Market Volatility**: The bank has shown resilience during volatile times, with strong performance in both banking and markets businesses [26][27] - **Digital Assets Strategy**: Actively involved in digital banking and assets, including stablecoins and tokenized deposits, positioning itself as a central player in the digital asset revolution [35][36] Regional Focus and Turnaround Strategies - **UAE as a Growth Hub**: The UAE has become the third-largest wealth management hub for Standard Chartered, with a focus on attracting high-net-worth individuals [46][47] - **Korea and India**: Plans to pivot towards wealth management in Korea and India, with new wealth centers established [48][49][50] Financial Performance and Projections - **Return on Tangible Equity (ROTE)**: Achieved ROTE target for 2026 ahead of schedule, with projections for continued growth [28][29] - **Cost Management**: The "Fit for Growth" program aims to optimize costs while supporting growth, with a focus on maintaining a cost-conscious approach [62][63] Risks and Challenges - **Market Recession Impact**: A potential market recession could negatively affect wealth management performance, but the bank remains optimistic about its diversified clientele [75][77] Conclusion - **Outlook**: Standard Chartered is well-positioned for future growth, with a strong focus on wealth management, digital assets, and cross-border income, while maintaining a disciplined approach to cost management and capital allocation [80][81]

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Houston-based LevelField Financial has received conditional approval from the Illinois Department of Financial and Professional Regulation to acquire Chicago-based Burling Bank, the company said Monday in a release. The transaction still needs sign-off from the Federal Reserve, LevelField said. LevelField first proposed acquiring Burling in February 2 ...

Nov 19, 2025 6:45 AM Eastern Standard Time Bullish Reports Third Quarter 2025 Results Share CAYMAN ISLANDS--(BUSINESS WIRE)--Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced financial results for the third quarter ended September 30, 2025. Tom Farley, CEO: "Bullish had a highly successful third quarter. We launched our crypto options trading and U.S. spot trading businesses, signed notable institution ...