Why do Wall Street executives want to separate business units?

Wall Street executives are keen to separate business units such as trading from custody, as a way to reduce risk and potential conflicts of interest. The collapse of Sam Bankman-Fried’s FTX exchange and trading firm Alameda Research, which were closely entwined, has brought those concerns to the fore.

Are traditional financial firms building a new crypto exchange & custody platform?

An anonymous reader quotes a report from CryptoSlate: Traditional financial firms, including Standard Chartered, Nomura, and Charles Schwab, are busy building or funding new crypto exchange and custody platforms, FT reported on May 31.

Are Wall Street financial services moving out of the Big Apple?

Wall Street financial services firms are moving out of the Big Apple, relocating to the Sun Belt and taking nearly $1 trillion in assets under management with them.