Banks Find Tech Firms Have Big Risks Too

The flavor of the week among investment banks is not to be a bank, but a tech company. While the numbers are starting to back that claim up, so are the risks involved, writes James Rundle.

Jim Rundle

Your bank probably doesn’t want to be called a bank. It doesn’t want to be called a trading firm, an asset manager or a wealth adviser, either. What banks want, in 2019, is to be called technology companies. 

When Goldman Sachs famously announced this a few years back, it was—rightly so—regarded as a bit of a marketing ploy. Yes, the bank, and others like it who have since claimed the moniker, employ a vast amount of people in technology and related functions. But the core business of a bank

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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