Far from taking off as a new currency, the true value of Bitcoin lies in its potential to transform existing payments networks, say Goldman Sachs analysts in a comprehensive report into the budding crypto-currency.
The man behind the @GSElevator Twitter account has lost his six-figure book contract in the wake of revelations that he never actually worked for Goldman Sachs.
Lloyd Blankfein and co can breathe a sigh of relief after @GSElevator, the mysterious Tweeter who posts snippets of supposed overheard conversations from Goldman Sachs lifts, was unmasked by the New York Times. The culprit does not work for the bank.
American Express Company announces two key appointments in its global Technology organization: Brian Saluzzo, as Senior Vice President, Global Infrastructure; and Nik Sathe, as Senior Vice President and Chief Technology Officer (CTO), both reporting to Marc D. Gordon, Executive Vice President and Chief Information Officer.
Two of the world's largest financial institutions, BofA Merrill Lynch and Goldman Sachs, have become clearing members of EurexOTC Clear for Interest Rate Swaps (IRS).
Opus Global, the new $500 million fintech investment fund set up by former VeriFone CEO Doug Bergeron and private equity house GTCR, has poached Goldman Sachs veteran Julio Quinteros.
Square, the company making commerce easy for everyone, has appointed David Viniar to its Board of Directors, where he will also serve as Audit Committee Chairman.
Financial Technology Partners LP and FTP Securities LLC (together "FT Partners"), now in its 12th year as the leading boutique investment bank focused exclusively on financial services and technology, is pleased to announce that Jeff Haughton has joined the Firm's Investment Banking team as a Managing Director based in San Francisco.
Wall Street's biggest banks and Thomson Reuters have signed up for a new open messaging network from financial information provider Markit which threatens Bloomberg's dominance of the chat market.
The Depository Trust & Clearing Corporation (DTCC) has teamed up with a group of major global banks in a bid to develop a global service to collect and manage the client entity reference data necessary to meet regulatory requirements.
© Finextra Research 2014