CRYPTO
Jamie Dimon is Not a Fan of Bitcoin
Outspoken JPMorgan Chase CEO, Jamie Dimon, made his disdain for cryptocurrencies, especially Bitcoin known at a recent Senate Banking Committee hearing. [via Grit Capital]
INVESTMENT
Mubadala Focuses on Asian Investments
One of the Middle-East’s largest investment firms, Mubadala Investment announced the wealth fund will set its sights more on investing growing Asian markets.
The CEO stated that they see higher growth in Asian economies in the next ten to twenty years.
CONSULTING
Mckinsey Cuts New Partner Class by 35%
Banking hasn’t been the only industry seeing layoffs, the consulting industry is seeing slow demand and has adjusted accordingly. Consulting giant, Mckinsey is cutting its new partner class by 35%, last year the new partner class was around 380, but this year the firm has stated its new partner class will be around 250.
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