United States-based insurers are the most interested in cryptocurrency investment according to a Goldman Sachs global survey of 328 chief financial and chief investment officers regarding their firm’s asset allocations and portfolios. The investment banking giant recently released its annual global insurance investment survey, which included responses regarding cryptocurrencies for the first time, finding that 11% of U.S. insurance firms indicated either an interest in investing or a current investment in crypto. Speaking on the company’s Exchanges at Goldman Sachs podcast on Tuesday, Goldman Sachs global head of insurance asset management Mike Siegel said he was surprised to get any result: “We surveyed for the first time on crypto, which I thought would get no respondents, but I was surp...
A Canadian court ruled against Huawei’s chief financial officer, Meng Wanzhou, on Wednesday in her extradition case to the US on fraud charges. However, the company said it has faith her innocence will ultimately be maintained. Meng, the CFO of the telecom giant and eldest daughter of its founder is wanted by the U.S for alleged fraud. The US authorities alleged that she lied to HSBC Bank about Huawei’s relationship with its Iran-based affiliate Skycom, putting the bank at risk of violating US sanctions against Tehran. In a statement posted on Twitter, Huawei Canada said; “Huawei is disappointed in the ruling today by the Supreme Court of British Columbia, we have repeatedly expressed confidence in Ms Meng’s innocence”. “Huawei continues to stand with Ms Meng in her pursuit for justice and...
Twitter: Donald Trump ban permanent, even if he runs for office again
Former President Donald Trump will not be returning to Twitter at any point in the future, according to the company’s chief financial officer. In an interview with CNBC’s Squawk Box program on Wednesday, Twitter CFO Ned Segal said that running for public office again would not reverse the ban the company handed out to Trump in the aftermath of the US Capitol riot on January 6th. The question is relevant considering Trump’s ongoing impeachment trial. A central question in the trial is whether Democrats can bar Trump from running for president again in 2024 or seeking other public office. Regardless of the outcome, the @realDonaldTrump will still remain suspended for good, Segal said. “The way our policies work, when you’re removed from the platform, you’re removed from the...