Markets News Regulators 

The ECB’s bond-buying program could have masked major risks

“She was talking about the effects of the ECB’s bond buying program as part of a broader warning that investors are no longer seeing risks” writes Wolf Street for businessinsider.com. When credit risk is not being priced at all – when it’s free – this most important gauge of the credit market is worthless.Credit risk wasn’t priced in at all.That’s when investors will begin to discover, as Erdoes put it so elegantly, that they have “a bunch of walking-zombie companies.”.  Source: businessinsider.com Share This:

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Citi has poached a quant trading exec from Credit Suisse as Wall Street’s equity derivatives hiring binge continues

“Equity derivatives traders have become the focus of an intense Wall Street hiring battleground, with more than 40 moves at the level of vice president or higher in equity derivatives in the US this year” writes Alex Morrell for businessinsider.com. Matthias Hangst/Getty Images Citigroup has hired a quant trading and derivatives exec from Credit Suisse, the latest in the rash of equity derivatives moves across Wall Street.Jeff Berton joins Citigroup as a quant and derivatives trading exec on its markets team. Source: businessinsider.com Share This:

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Crypto News 

Start-up exec says his call for $60,000 bitcoin is still possible this year

“HK/SIN on Wednesday, according to CoinDesk’s bitcoin price index” writes Cheang Ming for cnbc.com. A “massive positive event” would need to occur this year to get bitcoin to the $60,000 mark in 2018, Hosp acknowledged, adding that that could come in the form of a bitcoin exchange-traded fund or a country announcing something that is “very, very positive for bitcoin.”.  Source: cnbc.com Share This:

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A $4.5 billion corruption scandal allegedly linked to a Goldman Sachs exec who married Kimora Lee Simmons is coming to an end

“In a 2014 interview with the New York Times, Aziz claimed there was “no Malaysian money” in Red Granite” writes Camilla Hodgson for businessinsider.com. The Prime Minister himself was accused of corruption after $681 million of 1MDB’s money allegedly ended up in his personal bank account. Source: businessinsider.com Share This:

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Crypto News Stocks 

The Winklevoss twins have hired a top New York Stock Exchange exec to their crypto exchange

“An executive from the iconic New York Stock Exchange is joining the Winklevoss’ twins cryptocurrency exchange, the company announced Friday” writes Finanzen Net Gmbh for businessinsider.com. He will be charged with overseeing the exchange’s use of Smarts, the market surveillance technology it is using from exchange-operator Nasdaq. Both Gemini and Coinbase have been building out their exchange venues to look more like established stock trading venues.Previously Cornish worked at ISE Holdings, a securities exchange owned by Nasdaq, as CIO. News of Cornish’s hire comes soon after rival Coinbase hired Peter…

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Crypto News 

CRYPTO INSIDER: Winklevoss twins poach an NYSE exec

“Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today” writes Finanzen Net Gmbh for businessinsider.com. An executive from the iconic New York Stock Exchange is joining the Winklevoss twins’ cryptocurrency exchange, the company announced Friday. Source: businessinsider.com Share This:

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GM exec: We’re helping our dealers transform

“ALAN BATEY: There’s no one in the industry that’s got the data that we’ve got” writes Tom Worobec for autonews.com. “We have to drive a very strong business, and our dealers have to change, and they have to implement new processes and new tools.”. We’ve created programs that really are designed to support the dealers to get after these business opportunities. Source: autonews.com Share This:

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Crypto News 

Decentralized cryptocurrencies are not securities, SEC exec says

“On the other side of the country, another SEC official declared that cryptocurrencies like BTC Core (BTC) and Ether (ETH) are not considered securities under federal regulations” writes Dennis Wafula for coingeek.com. Chairman Jay Clayton and Commissioner Kara Stein visited Georgia for a town hall meeting where they discussed the future of cryptocurrencies and blockchains in the United States.To assess whether or not a digital asset is a security, Hinman said the primary factor to consider is whether a third party—a person, entity or coordinated group of actors—drives the expectation…

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Petco hires HP exec as CEO

“Petco Animal Supplies Inc. said Wednesday it had hired Ron Coughlin as chief executive” writes Jeremy C for marketwatch.com. Petco, a retail chain that sells pet supplies, had planned an initial public offering in 2015, but instead accepted a $4.6 billion buyout to remain private. Source: marketwatch.com Share This:

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Google exec explains why tech firms aren’t just looking for coders anymore

“Drinkwater added that she had come from a humanities background and said firms in the tech sector are increasingly looking for talent from creative industries, as well as engineers” writes Ryan Browne for cnbc.com. These are start-ups that have nothing to do with Google; instead, the project is aimed at helping early-stage tech firms of all stripes mature. Source: cnbc.com Share This:

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