Image by unbekannt - https://ark-invest.com/wp-content/uploads/2020/04/ark-logo-1-1.svg, Public Domain, https://commons.wikimedia.org/w/index.php?curid=102251619 Turning to Twitter, Wood wrote: “To his credit, Michael Burry made a great call based on fundamentals and recognised the calamity brewing in the housing/mortgage market. I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space.” […]
According to a regulatory filing on Friday, George Soros’ investment firm, Soros Fund Management, sold $194.4 million of ViacomCBS Inc, $77 million of Baidu Inc shares and $46.4 million of stock in Vipshop Holdings Ltd. Soros’ firm also liquidated positions in Discovery Inc and Tencent Music Entertainment Group. Archegos, the family office that manages the […]
Abdullo Kurbanov, co-founder and CEO of Alif Bank, speaks to CEO Today about Alif and his career so far. You've got an interesting story of coming back home from London against all the odds and building a company in Central Asia. Why start a fintech in Tajikistan? In the early 2010s, the world was reeling […]
Brooks stood as acting US Comptroller of the Currency from May 2020 to January 2021, having previously served as Chief Legal Officer of Coinbase Global. He became chief executive officer of Binance US at the start of May this year. However, during Brooks’ short time as CEO, Binance faced several regulatory issues around the world. […]
At the last count, Berkshire Hathaway owned 152 million shares of American Express, giving the company a 19% stake. American Express’ stock price has rocketed this year, raising the value of Berkshire Hathaway's position to $26 billion, up from $18 billion at the start of 2021. This year, the financial services group has been one […]
Speaking at a virtual press conference held on Tuesday, Changpeng Zhao said that, whilst he has no plans to quit his role for the time being, the company does have a succession plan in place. Zhao said that as Binance moves towards becoming a fully regulated financial institution, he would be “very open” to finding […]
Liza Chong, CEO of The Index Project, discusses the lack of diversity in the investment industry and explains why it's time for change. It is no secret that the investment industry has a problem with diversity. Women make up only 14% of fund managers worldwide, a figure that remains shockingly unchanged since 2000. Despite efforts […]
Lynne Darcey Quigley, CEO and Founder of Know-it, explains why the platform-as-a-service concept is an advancement that financial business leaders cannot afford to neglect. Customers crave convenience. However, financial institutions often struggle to meet their demands whilst safeguarding information. As banks comply with evolving regulations, customers will benefit from the opening of APIs to customer […]
Lynne Darcey-Quigley, CEO and founder of Know-it, shares six tips for rebuilding your company's credit score in the wake of the pandemic. Post-pandemic financial management is likely to include an element of rebuilding for the vast majority of businesses – regardless of size. For many, this will mean rebuilding their credit score over the coming […]
Financial services company Robinhood is seeking a market value of up to $35 billion in its approaching initial public offering (IPO). The share price will sit between $38 to $42 per share, with the IPO marking the public coronation of the controversial financial services platform. According to the SEC filing on Monday, Tenev and co-founder […]
Revolut is now the UK’s most valuable fintech firm ever, making co-founder Storonsky, who owns more than 20% of the company, a paper billionaire several times over. His net worth is estimated to sit around the $7 billion mark, up from $1.1 billion not long over a year ago in March 2020. Over the past […]
Life can sometimes throw us a curveball and we end up short of money to pay a bill, a child’s tuition, an emergency car repair, or an unexpected hospital expense. Credit is not always available to those needing a short-term bridge to cover these expenses. People without bank accounts or credit cards are unable to […]
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