Financial Highlights from the Recent Week You Should Know About:
- FINTECH: Wealthsimple throws down with the big banks
Canadian fintech, Wealthsimple, announced a suite of new banking products for their clients to go up against the big banks.
New products include a credit card and lines of credit to name a few.
Although, they need to tread carefully since they also rely on relationships with the big banks to able to offer their products and services. - ASSET MANAGEMENT: Blackstone intends to invest US$500b in Europe
As investors become more careful with investing in the US, the world’s biggest alternative asset manager, Blackstone, announced it will invest around US$500 billion in Europe over coming decade. - CRYPTO: Corporate stablecoins take the spotlight
Corporations like Amazon and Walmart are looking into issuing their own stablecoins.
Why?
For big corporates, issuing their own form of payment with customers could save them massive sums in fees that are normally paid to banks and credit card companies.
Would you use a corporate issued stablecoin for payment? - MARKETS: London is bleeding company listings
25% of the top firms that listed in London from the 2021 class, have already left London Stock Exchange.
Companies like Wise, have moved their listing from the UK to the US.
What’s the issue?
Regulations. Too much regulation is stifling company’s choice to list in London.
Experts are appealing the UK to look at a massive overhaul or risk losing it’s status as a financial hub for company listings.
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