Blockchain A Blessing And A Curse For Global Banks

The much-hyped blockchain may hit global investment bank earnings before any other sector, but the costs it can cut out of the whole financial market can also boost their squeezed margins


Investors pull $15 billion from hedge funds

Sharp market moves have wrongfooted many firms, leading to poor performances in the first quarter from funds such as Bill Ackman's Pershing Square, and rankling investors already disgruntled over fee structures charging 2 per cent for management as w


Argentina Delivers $597 Million Windfall to Bond Investors

"There’s high demand for Argentine paper, so those that got allocation are well positioned to gain," said Jorge Piedrahita, the chief executive officer at brokerage Torino Capital in New York. He sees more value in the shorter-term bonds.