Crypto

Philip Hammond’s crypto firm Copper reports $40m UK loss

Revenue jumps at the digital asset custodian, but Copper says it will continue to keep a lid on costs

Lord Hammond was an adviser to the firm before taking the chair role, but is now reportedly heading for the exit
Lord Hammond was an adviser to the firm before taking the chair role, but is now reportedly heading for the exit Photo: Alishia Abodunde/Getty Images

Copper, the digital assets firm chaired by ex-chancellor Lord Philip Hammond, has reported a $40m loss in its UK accounts despite a jump in revenue.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

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