10.27.2020

JPMorgan creates new unit for blockchain projects as it says the technology is close to making money - CNBC

"After years of hype with little to show for it, blockchain technology is on the cusp of a breakthrough: Making money in actual business applications."

 

UBS Plans to Invest $200 Million in Fintech Startups - Bloomberg

"UBS Group AG plans to invest $200 million of its own money in fintech companies over the medium term in a push to further digitize its services and find new ways to engage with clients."

 

Global Stocks Struggle After U.S. Selloff on Monday - Barron's

"HSBC Holdings climbed in London after the banking giant surpassed analyst estimates, and Banco Santander gained in Madrid after also topping estimates."

 

SAP Casts a Cloud Over Software - WSJ

"Pandemic's duration weights on software giant's outlook and could affect even the hottest cloud names"