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10 Weekend Reads

Barry Ritholtz

Business Insider ) • UBS Looks Beyond Credit Suisse to Bank Even More Billionaires : The return of CEO Sergio Ermotti and the acquisition of its Swiss rival have the bank doubling down on wealth management and expanding in the US. If the past is any indication, younger generations shouldn’t get their hopes up.

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Pakistan Launches Payment System To Boost Financial Inclusion

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The system was developed over a period of years by a collaboration between the State Bank of Pakistan and the Bill & Melinda Gates Foundation. The Raast system was also supported by the World Bank, Britain and the United Nations. One goal for the company, according to Reuters, is to boost the role of women in the formal economy.

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Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000

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Japan might look into launching its own central bank digital currency (CBDC) in both the public and private sectors, according to a report from Japan Times. While there are no immediate plans, the Bank of Japan (BOJ) will launch a feasibility study on the idea next spring. The exchange will close trading services on Jan.

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Billions Of Dollars Wasted, But Soaring SME Optimism

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have not yet given any relief to smaller businesses in the food sector. $2 Fideres noted that banks are likely to blame, as they struggle to please both the businesses that issue the bonds and the investors that buy them. the price tag for buying its competitor was $36 million, the firms said.

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Revving The Engine For Digital Licenses

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He noted that among the problems the government and private sector may both face in this arena is that state DMVs, such as those in California, “do not do bulk registration … their systems aren’t built for that.” The transaction of information from our site to the DMV and then back [to the individual] would be extremely secure.”.

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Transcript: John Hope Bryant

Barry Ritholtz

BRYANT: And so when this guy told me that we’re, at that time, 10,000 banks, hundreds of thousands of bankers, 100,000 banks. RITHOLTZ: Were there banks in your neighborhood or were you an unbanked … BRYANT: Well, I mean, it was so few you knew where they were, put it that way, right? RITHOLTZ: Okay. RITHOLTZ: Right.

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Transcript: Robert Koenigsberger

Barry Ritholtz

To lead the bank’s efforts in investing in sovereign debt restructurings and to bring our clients along was a great experience. KOENIGSBERGER: — you know, when I got to Merrill in 1995, and you looked at the trade blotter of who you were trading with, it was basically banks trading with each other. In the U.S.,