US banks are queueing up to stop customers from buying bitcoin using credit cards, as wild price swings continue on the biggest cryptocurrency. JP Morgan Chase and Bank of America both last night said they will ban the practice, according to CNBC, which could leave customers chasing the big price rises which bitcoin has seen over the past year with big losses. Credit card providers which allow transactions with cryptocurrency exchanges could be left exposed to higher risk than usual because of the massive volatility of the assets. Bitcoin has seen its price surge by more than 700 per cent over the past year, according to the OnchainFX website, but the last month has seen its dollar price fall by more than 40 per cent as fears of what many economists have jp morgan investment reviews a bubble spread.
20,000 in December, amid a broad fall in dollar values across the major cryptocurrencies. Jamie Dimon, the chief executive of JP Morgan, has been among the most prominent sceptics of digital currencies, infamously describing bitcoin as a “fraud”. Yesterday Nouriel Roubini, a New York University economist who is credited with having predicted the financial crisis, said bitcoin is the “mother of all bubbles”, and added that he expects regulators around the world to crack down on the lightly regulated space in an interview with Bloomberg television. You have no items in your shopping basket.
Overview Petko Bahovski, who has previously worked for Coutts and Credit Suisse, managing teams of private bankers, and for JP Morgan as Executive Director, teaches you how to select funds based on the reliability of the business model and investment processes used by asset managers, as well as the quality and substance of their operations. You’ll learn how to assess management companies and fund structures, what pertinent questions to ask regarding the fund’s service providers, and also how to perform thorough compliance and background checks on fund managers. An Introduction to Investment Funds empowers you with an increased awareness of the funds available, along with an understanding of their pitfalls and strengths, thereby enabling you to make better-informed investment decisions. Book description Professional asset management is one of the largest and most profitable businesses in the world. The variety of products and funds to choose from is enormous.
Investment funds may be termed differently in different countries around the world. For example they are also known as investment trusts in the UK, mutual funds in the US, FCP in Luxembourg, SICAF in Luxembourg and Switzerland, SICAV in France, Italy, Luxembourg and Switzerland and unit trusts in Ireland and the UK. Fund description: what is the fund about? For whom is the fund suitable? What is the fund’s investment strategy or investment objective?
What are the main risks of investing in the fund? How will this fund make money? What are the fund’s fees and expenses? Author biography Petko Bahovski Petko Bahovski started his banking career in American Express, Brighton, UK in 1994.
After completing his undergraduate degree in Accounting and Finance at the London School of Economics in 1995, Petko worked for two years as head of the corporate dealing desk of ING Bank in Sofia, Bulgaria. Upon completing his degree, Petko joined Chase Manhattan Bank, and worked in Emerging Markets Bond sales in New York and Mexico City. In 2000 Petko moved to London, to join JPMorgan’s Eastern Europe Local markets credit and rates sales desk. In 2006 he moved to JPMorgan Singapore where he became Global Emerging Markets Product Manager for the Asia Region. He constantly travelled in the region, predominantly to China, Hong Kong, Japan, Taiwan, Philippines and Korea.
In 2008 Petko moved to Credit Suisse – Zürich, to manage a team that was covering Russian and Central Asian Russian speaking private banking clients. In 2011 Petko joined Coutts Zürich, to head their Russian, Ukrainian and Central Asian private banking teams. Petko started to provide consulting services in July 2012. As a consultant Petko is successfully helping his clients to implement change, build stronger, more competitive and profitable organisations.