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Goldman Sachs to jump back into cryptocurrency trading

Bloomberg Goldman Sachs Group Inc. is restarting a trading desk for cryptocurrencies amid a surge in the value of Bitcoin, a person familiar with the effort said. The Wall Street bank will begin offering Bitcoin futures among other products by mid-March after halting a similar effort started in 2018, Crypto was once shunned at elite firms like Goldman Sachs, but ...

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UBS says get ready for global equity rotation

Bloomberg Less easy financial conditions will likely lead to lower overall returns in global markets while favouring growth stocks over value, according to UBS Group AG. Growth and earnings will become bigger drivers of returns next quarter, strategists including Bhanu Baweja wrote in a note. A bottoming in real rates and credit spreads will signal the end of a liquidity ...

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HDFC says tech issue resolved

Bloomberg India’s largest private lender, HDFC Bank Ltd., said issues related to internet banking were resolved after some customers faced second outage in three months. “There were intermittent issues in accessing Net Banking and Mobile Banking, faced by some of our customers. The issue stands resolved,” the bank’s spokesman said. The nation’s most valuable lender has been facing repeated technical ...

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