GSAM to Use NextCapital for Defined Contribution Foray Goldman Sachs Asset Management (GSAM) is acquiring Chicago-based robo-advisor NextCapital Group to hasten the development of Goldman Sachs’ offerings for the defined contribution market via personalized managed accounts and digital advice, officials say. The transaction is slated to close during the second half of this year, depending… Read More >>
Deutsche Bundesbank & Deutsche Börse Launch Blockchain Initiative
Germany’s central bank, Deutsche Bundesbank and its national exchange Deutsche Börse, have joined forces to develop a functional prototype for a blockchain/distributed ledger technology (DLT)-based settlement of securities. Stefan Teis, senior vice president for group product and business development at Deutsche Börse, stresses that the “prototype is based on a conceptual study and not intended… Read More >>
Brexit Storm Rains On LSE, Deutsche Börse Merger
London Stock Exchange (LSE) shareholders may have given their approval to the planned £20 billion ($30 billion) merger with Germany’s Deutsche Börse but there is no guarantee that their relationship will weather the post-Brexit storm and this could pave the way for another suitor. In a joint statement after the Brexit vote, LSE and Deutsche… Read More >>
LSE-Deutsche Börse Merger May Require Waves of Layoffs
In just over a month’s time, the London Stock Exchange (LSE) and Deutsche Börse are set to create a £21 billion ($30 billion) European exchange powerhouse. It is expected to lead to 1,250 job losses but some believe that this might just be the tip of the iceberg. Last week, a prospectus was issued to… Read More >>
Justified Paranoia?
My paranoia last month may have been justified. I wrote about the Occupy London protesters wanting to camp out near the London Stock Exchange (LSE) and the cyber-attacks between Israeli and Arab hackers as harbingers of more trouble to come. It looks as if not only was I was right but there needs to be… Read More >>
