Fidelity Investments is closing one of its British subsidiaries, Fidelity Brokerage Services, and is close to selling a second, Global Brokerage Services. The steps mark a major U-turn in the company's international strategy, where it is now de-emphasizing its retail clientele in favor of institutional investors.
"Three months ago Fidelity was focusing on servicing its retail investment business," observes a source who had worked at GBS and asked not to be identified. "Three months later it's
The SEC takes a definitive stance on the status of cryptocurrencies; the idea of privacy consistently changes with the introduction of new technologies.Subscribe to Weekly Wrap emails