U.S. financial giant, J.P. Morgan Asset Management (J.P. Morgan AM), has appointed a former UBS and HSBC banker, Laura Geiger-Pancera, as the new head of its asset management in Switzerland. She replaces Claude Kurzo, who was called to higher duties in London last year.From Zurich, Geiger-Pancera will report to Christoph Bergweiler, Head of Fund Continental […]
Bitwise Asset Management has made a commitment to donate 10% of its profits from the Bitwise Bitcoin ETF to non-profit organizations that support the open-source development of Bitcoin (BTC). The primary beneficiaries of these donations will be three non-profit organizations: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund.The announcement was made by Bitwise […]
The term “ultrasound money” has been frequently used within the Ethereum (ETH) community, often to describe the network’s potential to become a deflationary asset with superior tokenomics to Bitcoin (BTC). This narrative has its supporters and detractors, with some arguing it is based on overly optimistic assumptions.A developer known as antiprosynthesis.eth has challenged the “ultrasound […]
Asia is leading the way in global wealth shift, with a forecasted growth in financial assets in the coming years. HSBC predicts that by 2025, Asia excluding Japan will surpass the US in financial wealth. The number of Asian millionaires outside Japan and China is expected to more than double by 2030. In India, the […]
Zurich Invest, a subsidiary of Zurich, has expanded its executive board with the addition of an experienced saleswoman. The new member, Sandra Cafazzo, brings with her an extensive network within the industry.Since the beginning of January, Cafazzo has been a member of the executive board at Zurich Invest. She is responsible for the strategic direction […]
United States-based Bitcoin miner, CleanSpark Inc., is preparing to significantly enhance its mining capabilities. The company has plans to purchase up to 160,000 Bitmain S21 miners by the end of 2024. This strategic move is expected to increase CleanSpark’s hashrate from its current 10 exahashes per second (EH/s) to an impressive 50 EH/s over the […]
The United Nations Climate Change Conference (COP28) has sparked optimism and positive momentum in the Middle East, particularly in the realm of sustainable finance. Germany and the UAE have led the way by pledging $100 million to the newly-announced Loss and Damage Fund, a move that was met with a standing ovation from conference delegates. […]
For the second consecutive year, banks worldwide have generated more revenue from financing environmentally friendly projects than from traditional fossil fuel businesses. In 2023, the largest banks globally saw their revenue from financing green projects surpass that from the traditionally dominant fossil fuel sector.According to Bloomberg, leading lenders generated around $3 billion from green loans […]
Marionna Wegenstein, in her article for finews.first, explores the importance of sustainable communication in the finance industry. She highlights that simply using nice words is not enough to convince others. To truly make an impact, one must communicate in a sustainable manner.This News Article was automatically generated by Bob the Bot (AI) Information Details Geography […]
Siobhan Archer has been promoted to the position of global stewardship lead at LGT Wealth Management. In her new role, Archer will be responsible for overseeing the firm’s stewardship strategy, which includes activities such as voting, engagement, and policy advocacy. She will also provide strategic input on LGT’s net-zero, biodiversity, and human rights initiatives, and […]
