Exodus Financial News

16.02 / 11:39

COST UPS Exodus Decade-High Food Prices Drive Poverty and Unrest in Africa

KAMPALA, Uganda—Before dawn on a recent Tuesday morning, Prosy Komukama lined up outside a labor agency in Kampala, hoping to join a growing exodus of Ugandans seeking work in the wealthy Gulf states of the Middle East to escape the spiraling cost of living.

13.02 / 03:27

Provident Software Exodus Report: Woes under the Infrastructure Bill to be answered by the Treasury

The U.S Treasury Department might exclude crypto miners and stakers from a crucial rule going forward, reported Bloomberg. It has to do with the rule where brokers of virtual assets are required to provide information on their clients’ transactions to the Internal Revenue Service (IRS) under last year’s infrastructure bill.

10.02 / 12:35

COST Exodus Credit Suisse slumps to $2.2bn loss after torrid year

Credit Suisse slumped to a CHF2bn ($2.2bn) loss in the fourth quarter as successive crises rocked the Swiss bank in 2021 — capping a torrid year that led to an exodus of talent, a strategic overhaul and a flurry of executive exits.

10.02 / 10:01

Exodus Credit Suisse slumps to CHF1.6bn loss after torrid year

Credit Suisse slumped to a CHF1.6bn net loss for 2021 as successive crises rocked the Swiss bank — a torrid year that to an exodus of talent, a strategic overhaul and a flurry of executive exits.

01.02 / 15:49

UPS Citizens Fallout Exodus Covid-19’s Economic Fallout Batters Latin America

Latin America, already pummeled by the pandemic, now faces a sharp increase in poverty and an exodus of its citizens to elsewhere in the world.

19.01 / 22:18

Digital CEO Exodus Bitcoin What the BMC’s findings on ‘sustainable’ Bitcoin mining industry tell us

There’s no denying that over the past couple of years, the narrative that Bitcoin consumes too much power has continued to garner mainstream traction. However, in recent months, an increasing number of Bitcoin miners have moved towards renewable energy.

11.01 / 13:21

Waves Exodus Omicron muddies new normal for bankers: ‘If our competitors are meeting in person, we get on a plane’

As fresh Covid waves thwart London workers' attempts to return to normality, deal-hungry bankers are holding out hope that precious face-to-face meetings can stick.

10.01 / 03:07

Waves Exodus Omicron muddies new normal for bankers: ‘If our competitors are meeting in person, we get on a plane’

As fresh Covid waves thwart London workers' attempts to return to normality, deal-hungry bankers are holding out hope that precious face-to-face meetings can stick.

13.12 / 11:00

Exodus Junior burnout crisis will roll into 2022 as deals fever continues, senior bankers say

The battle for junior dealmakers will continue next year and salary hikes alone are unlikely to stop the burnout crisis that has rocked the sector in 2021, according to some of the City’s most senior bankers.

01.12 / 18:19

Digital Extreme Exodus Bitcoin Report explores discrepancies in different Bitcoin mining companies’ performances

The exodus of Bitcoin miners from China to USA is generally hailed as a success. But this may be oversimplifying the real picture. A report by Arcane Research which compared mining stocks to Bitcoin revealed that extreme discrepancies can take place even across different mining companies.

01.12 / 14:31

Binance litecoin LTC Exodus Litecoin might leave November’s losses behind if it follows…

Litecoin, at the time of writing, was trading in the green. However, of late, the altcoin has not been in a good state. In fact, its investors suffered losses and the coin overturned all its growth from the first half of the month.

12.11 / 03:11

Racing Exodus Credit Suisse kicks off ‘very aggressive’ hiring spree after Archegos exodus

Credit Suisse has hired or promoted 45 senior dealmakers in key markets this year, as the Swiss bank has raced to replenish its investment bank after a spate of departures in the wake of the Archegos crisis.

04.11 / 10:39

Exodus Credit Suisse M&A fees swell 184% despite dealmaker exodus

Credit Suisse's M&A bankers hauled in 184% more fees in the latest quarter than they did during the same period last year, despite an exodus of dealmakers in a unit rocked by successive crises this year.

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