Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ig...
Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,” the bank said, “This is growing, this is mainstream, and it’s not just bitcoin.” Bank of America Debuts Crypto Research Bank of America announced Monday the launch of its “digital asset research” with the publication of a report titled “Digital....
Related News
Candace Browning, the bank's head of global research, described cryptocurrency as "one of the fastest growing emerging technology ecosystems." A new team at the second-largest bank in the United States will reportedly be devoted entirely to researching cryptocurrencies.According to a Thursday Bloomberg report, Alkesh Shah from Bank of America’s data and innovation strategy group will be leading a team looking into digital assets. He along with Mamta Jain and Andrew Moss of Bank of America Merrill Lynch’s digital innovation group will be reporting to Michael Maras, who reportedly oversees....
BNY Mellon CEO Robin Vince pointed to a survey earlier this year which found 91% of institutional asset managers were interested in investing in tokenized assets. BNY Mellon CEO Robin Vince says “client demand” was the “tipping point” that ultimately led to the bank’s launch of institutional-focused crypto services last week.BNY Mellon, America’s oldest bank, became the first large bank in the country to offer custody of institutional clients’ Ether (ETH) and Bitcoin (BTC) on Oct. 11.In an Oct. 17 conference call following the release of its third quarter earnings, Vince pointed to a....
Global investment bank Morgan Stanley is establishing a new cryptocurrency research team. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the bank said.
Morgan Stanley Sets Up New Research Team
Morgan Stanley is launching a dedicated cryptocurrency research team, Bloomberg reported Monday, citing the bank’s internal memo to staff it has seen.
Led by Sheena Shah, the firm’s lead cryptocurrency analyst, the team will research....
These companies with crypto and digital assets exposure have stocks rated as “Buy” or “Neutral” by Bank of America. Walt Disney, Fox Corporation, and JP Morgan are among a list of 20 publicly traded U.S. companies with some level of exposure to crypto and digital assets, based on data by Bank of America, or BofA.According to a BofA report published on Monday, companies like Morgan Stanley, Signature Bank, and Warner Music Group also have some exposure to digital assets.In all, the 20 firms identified by BofA have their stocks rated as either “Buy” or “Neutral” by America’s second-largest....
The Bank of England is on the hunt for an economist to spearhead its research into a central bank-issued digital currency. According to the job listing, the research lead would play a driving role in its bid to issue a digitized, blockchain-based version of the UK pound – an idea the Bank of England has been exploring since as early as last year. Tthe central bank is looking for someone to lead the effort and examine whether "universal access" to this kind of electronic money would be "desirable" for users. The listing explains: "The job holder will be responsible....