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Citigroup joins rivals helping wealthy clients access crypto

Bloomberg Citigroup Inc is taking another step into the world of cryptocurrencies. The Wall Street giant will help its richest clients bet on crypto as part of a new digital assets group inside its burgeoning wealth management unit, according to a memo to staff seen by Bloomberg News. The new effort will be led by Alex Kriete and Greg Girasole. ...

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Visa to buy open-banking platform Tink for $2bn

Bloomberg Visa Inc has agreed to buy Swedish open-banking platform Tink AB as the payment giant looks to expand beyond its card network. San Francisco-based Visa said it will pay a total of 1.8 billion euros ($2.15 billion) — including cash and retention incentives — to acquire the fintech firm, according to a statement. Banks and startups use Tink to ...

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Korea to lead Asia’s rate-hike cycle as Lee flags 2021 move

Bloomberg The Bank of Korea (BOK) once again looks set to spearhead Asia’s first interest-rate hikes, after Governor Lee Ju-yeol said policy normalisation is in the pipeline this year, triggering a recalibration of market bets. As pandemic-era stimulus runs the risk of inflating asset bubbles and spurring more volatility in capital flows across the region, several central banks have stressed ...

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