French banking giant BNP Paribas will be closing down a U.S. commodity derivatives trading desk in New York and re-routing transactions to its London and Singapore desks, according to a source familiar with the situation. The shutdown, part of a streamlining effort for the global firm, will not impact the bank’s North American clients already… Read More >>
Digital Asset Lands A-List Backers and $50M in Funding
Digital Asset Holdings, LLC, a New York City-based developer of distributed-ledger technology for the financial services industry, reports that it has “raised more than $50 million in funding” from several prominent financial industry players. The company’s new investors are: ABN AMRO, Accenture, ASX Ltd., BNP Paribas, Broadridge Financial Solutions, Inc., Citi, CME Ventures, Deutsche Börse… Read More >>
