Bitcoin is not going to supplant governments or bring down the banks. But as the hype around the digital currency subsides, banks and entrepreneurs are trying to use bitcoin in ways that could revolutionise the banking industry. The FT’s John Authers reports from Sibos in Boston.
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Morgan Stanley Earnings: Why Profits Were up 47%
Financial services behemoth Morgan Stanley (NYSE:MS) reported strong second quarter earnings with profits rising 47%, pushing Morgan Stanley stock higher. The firm generated $15 billion in revenue, an 11% year-over-year...
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